GFT token rises over 30% in the day, now at $0.04252
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US mortgage rates soar, homebuying demand weak: New home sales in September fell by 0.6% month-on-month, home prices down 3.9% year-on-year
In September, new home sales in the United States reached an annualized rate of 676,000 units, surpassing the market expectation of 651,000 units. The median price for new homes was $400,400, marking a year-on-year decline for seven months within the year. U.S. mortgage rates reached their highest level in nearly three years at the beginning of October last month. Economists note that "price reductions and mortgage rate subsidies help sustain sales, but the market relies more on builder concessions rather than strong endogenous demand."
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Marathon Digital transferred 4,860 BTC in October.
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