Existing U.S. Home Sales Fall to 14-Month Low as Mortgage Costs Climb
U.S. existing home sales dropped 2.0% in August to a seasonally adjusted annual rate of 3.98 million units, the weakest pace since June 2025. Higher mortgage rates, themselves tracking rising long-term Treasury yields amid geopolitical and fiscal concerns, continued to damp buyer activity even as inventories rose to the highest level since November…