Some economists say despite intentions, president-elect could set the stage for mortgage rates to move higher
Sales of previously occupied U.S. homes fall to weakest annual pace in nearly 14 years
Mortgage buyer Freddie Mac says average is at highest level in 8 weeks — up from 6.32% last week
Sales should improve thanks to lower mortgage rates, increasing inventory: economist
The pickup occurred amid easing mortgage rates and as more homes came on the market
It's the lowest level in more than a year
The rate dropped to its lowest level since early February
The U.S. housing market has been mired in a slump dating back to 2022
Existing home sales rose 0.8% in November to seasonally adjusted annual rate of 3.82 million
Fourth straight weekly drop for the rate, which a year ago averaged 6.58%