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US home sales reportedly plunge to a 12-year low after mortgage rates top 7%

Semafor reports the sales slump was driven by soaring global borrowing costs.

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1 Source, 46m ago, first seen 46m ago

TLDR

Semafor reports that US home sales plunged to a 12-year low after mortgage rates topped 7%. It attributes the drop to soaring global borrowing costs.

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Semafor@semaforUS home sales plunged to a 12-year low after mortgage rates topped 7%, driven by soaring global borrowing costs. https://www.semafor.com/article/10/13/2026/us-house-sales-drop-to-12-year-lows-as-borrowing-costs-spike46m
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    1 Source

    Semafor@semaforUS home sales plunged to a 12-year low after mortgage rates topped 7%, driven by soaring global borrowing costs. https://www.semafor.com/article/10/13/2026/us-house-sales-drop-to-12-year-lows-as-borrowing-costs-spike46m
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