Sales of US New Homes Lower Than Forecast in August: Video

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Sept. 24 (Bloomberg) -- Fewer US new homes than forecast were sold in August, signaling the housing market remains depressed even as mortgage rates dropped. Purchases were unchanged at a 288000 annual pace, matching July as the second-lowest in data going back to 1963, figures from the Commerce Department showed today. Bloomberg's Michael McKee reports. (Source: Bloomberg)

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