Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates

Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates Affordability-aiding lower mortgage rates battled a sentiment-sapping surge in geopolitical panic in March, with analysts expecting the latter to outweigh the former with a modest 0.7% MoM decline (after January's plunged - weather? - and February's modest rebound). The analysts under-estimated the fear from war-mongering as existing home sales plunged 3.6% MoM (down bigly from an upwardly revised 2.7% MoM jump...