US Existing Home Sales Slip In April On Still High Mortgage Rates

Sales of previously owned homes inched down 1.9 percent in April, according to the National Association of Realtors (Credit: AFP)

Existing home sales in the United States crept lower in April as mortgage rates remained elevated, industry data showed Wednesday.

Sales of previously owned homes dipped by 1.9 percent from March, reaching a seasonally adjusted annual rate of 4.14 million, said the National Association of Realtors (NAR).