A federal judge on Tuesday ruled against investors who are trying to collect billions of dollars in profits of government-chartered mortgage companies Fannie Mae and Freddie Mac.
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U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale.
Economists see steady growth but remain mixed on their outlook for the health of different segments of the U.S. economy.
Fewer Americans signed contracts to buy homes in August, suggesting that real estate sales will remain sluggish over the next few months.
The U.S. economy grew at a robust 4.6 percent annual rate in the second quarter in the best performance since 2011, the Commerce Department reported Friday.
Average long-term U.S. mortgage rates declined slightly this week, after marking their largest one-week gain of the year the previous week.
U.S. sales of new homes surged in August, led by a wave of buying in the West and Northeast.
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