June 21, 2019 / 2:04 PM / 4 months ago

U.S. existing home sales rise, boosted by lower rates

WASHINGTON, June 21 (Reuters) - U.S. home sales rose in May, boosted by lower interest rates for mortgages, giving a positive signal for the health of the U.S. economy.

The National Association of Realtors said on Friday existing home sales increased 2.5% to a seasonally adjusted annual rate of 5.34 million units last month. April’s sales pace was revised slightly higher to 5.21 million from 5.19 million units. (Reporting by Jason Lange Editing by Paul Simao)

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