US November existing home sales 4.15m vs 4.07m expected

• Prior was 3.96m
• Sales % vs +3.4% prior
• Sales -4.2% vs +2.9% y/y prior
• Inventory vs 4.2 months prior
• Median prices $ vs $407,200 prior
• Prices +% vs +4.0% y/y prior

US 30-year mortgage rates are flirting with 7% again and that’s not a good sign for the housing market.

This article was written by Adam Button at www.forexlive.com.