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High points for US economic data scheduled for May 20 week
The high points for economic data in the May 20 week should be the sales numbers for new and existing homes for April. Gauging the health of the housing market may be a bit tricky in reading these reports. Seasonal adjustment factors for this time of year anticipate a busier sales period as potential homebuyers shake off winter and start planning moves based on changing household needs. However, the housing market got a chill earlier this year when mortgage rates began to rise again and home prices did not ease up despite some slackening in the market. The Freddie Mac weekly report shows mortgage rates for a 30-year ... (full story)