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Monday, Nov. 25, 2002 | 11:12 a.m.
Sales of previously owned homes shot up in October by 6.1 percent to the third highest monthly level on record as house hunters scrambled to take advantage of low mortgage rates amid an uncertain economic climate. The big jump pushed sales of existing homes to a seasonally adjusted annual rate of 5.77 million, the National Association of Realtors reported today.
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