Contracts to purchase previously owned U.S. homes fell for the second straight month in July, a sign that rising mortgage rates are taking the steam out of America's housing market recovery. The ... more 
Contracts to purchase previously owned U.S. homes fell for the second straight month in July, a sign that rising mortgage rates are taking the steam out of America's housing market recovery. The National Association of Realtors said its Pending Homes Sales Index, based on contracts signed last month, decreased 1.3 percent to 109.5. Fewer Americans signed contracts to buy U.S. homes in July, but the level stayed close to a 6 ?-year high. The modest decline suggests higher mortgage rates have yet to sharply slow sales. less 
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Wed, Aug 28, 2013 12:33 PM EDT