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Pending home sales sink to 25-year low as buyers flee high mortgage rates

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Pending home sales sink to 25-year low as buyers flee high mortgage rates

Contract signings to purchase homes fell in September to the lowest level on record, as buyers fled the housing market in the wake of the average 30-year mortgage rate crossing over 7%.

Pending home sales sink to 25-year low as buyers flee high mortgage rates

Source：MarketWatch

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Source：https://www.marketwatch.com/story/pending-home-sales-sink-to-25-year-low-as-buyers-flee-high-mortgage-rates-d02c6b30