Stocks fall after surprise drop in home sales
The stock market is falling as a surprise drop in home sales adds to concerns about the economy. The National Association of Realtors says sales of previously occupied homes fell 7.2 percent in January.
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Mortgage rates fell slightly this week and remain near record lows, but it’s not clear if the cheaper financing will spark buying even as new home sales plunged to the lowest rate on record last month.
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