October 2023 Pending Sales Fall to Lowest since April 2020
NAR released a summary of pending home sales data showing that October’s pending home sales pace declined 1.5% from last month and fell 8.5% from a year ago. The pending sales index in April 2020 was 71.8 during the pandemic. " data-src="https://cdn.nar.realtor/sites/default/files/styles/inline_para
Instant Reaction: Mortgage Rates, November 30, 2023
It seems clear mortgage interest rates have hit a peak in late October and are now headed south. Mortgage interest rates dropped again to 7.22% from 7.29% last week. That drop from the recent October 26 peak of 7.79% translates into a $ 125-a-month savings on a $400,000 mortgage, which is significan
Pending Home Sales Fell 1.5% in October
Key Highlights Pending home sales decreased last month, down 1.5% from September. Month over month, contract signings intensified in the Northeast but diminished in the Midwest, South and West. Pending home sales dropped in all four U.S. regions compared to one year ago. WASHINGTON (November 30, 202
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