Rising mortgage rates hit new home sales hard, an ominous sign for builders - CNBC

Rising mortgage rates hit new home sales hard, an ominous sign for builders - CNBC

CNBC

Rising mortgage rates hit new home sales hard, an ominous sign for builders CNBC Sales fell in December, when the new tax law was signed and then again in January, when mortgage rates moved higher. Sales are now at their lowest level since August of last year. The government's measure of new home sales is based on signed contracts ... and more »