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Signed contracts to buy US homes at 6-year high

Associated Press
Signed contracts to buy US homes at 6-year high

A home is for sale in Glenview, Ill., on Sunday, June 16, 2013. Average U.S. rates on fixed mortgages surged the week of June 24, 2013, to their highest levels in two years, and the rate on the 30-year loan jumped by the most in 26 years. The increase is evidence that the Federal Reserve's comments about possibly reducing its bond purchases are already affecting consumers. (AP Photo/Nam Y. Huh)

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