Sales of Existing <br />Homes Rise , As Interest Rates <br />Point Higher.<br />In September, previously-occupied homes in the United States sold at their highest rates since January.<br />The National Association of Realtors says that sales of existing homes rose 7% since August.<br />Experts attribute this rise in <br />sales to sunken mortgage rates.<br />This autumn season looks to be one of the best autumn home sales seasons in 15 years, Lawrence Yun, National Association of Realtors chief economist, <br />via ABC News.<br />Average rates for a 30-year mortgage are at <br />historic lows but continue to<br />inch higher with each passing month.<br />Economists anticipate <br />mortgage rates will rise up <br />to 4% next year.<br />As they rise, <br />homeowners have <br />less buying power.<br />The median price of a home in the <br />United States rose to $352,800 last month.<br />First-time homebuyers accounted for <br />28% of all home sales last month
