Mortgage rates back over 7%, as stronger economic data rolls in
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of Realtors reported Tuesday. Sales were 16.6 percent lower compared with July of last year, while homes were sold at the slowest July pace since 2010. (Photo by Li Jianguo/Xinhua via Getty Images)Xinhua…