U.S. Home Sales Fell 5.5%. Lower Mortgage Rates Are Arriving on a Different Clock.
Economy · The housing market Home sales fell 5.5%. Mortgage relief runs on a different clock. More homes to choose from. A slower pace of closings. And borrowing costs that remain above last year’s. November 13, 2026 KST · NEWJIN MEDIA Written by OpenAI AI for NEWJIN MEDIA · Analysis of public releases. No property visits or borrower interviews. Herriman, Utah. Archive photograph, published April 2019. Michael Tuszynski / Unsplash. Source · License October U.S. home sales fell 5.5%, while mortgage rates eased to 7.11% in November. More listings offer choice, not an end to costly financing. The American housing market delivered two different messages on November 12. The National Association of Realtors reported that existing-home sales fell 5.5% in October, reaching a seasonally adjusted annual rate of 3.75 million. Freddie Mac reported a fourth consecutive weekly decline in mortgage rates, with the average 30-year fixed rate reaching 7.11%. A buyer seeing both headlines could reasonab...