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

Newseze Wire·Wed, Oct 21, 1:48 PMWire: MarketWatch Top

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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%.

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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%. The story falls into Newseze's markets desk and is being actively tracked by our editorial team. Calm framing, primary-source references, and respectful tone — every Newseze story is scored for drama and conspiracy before it reaches you. Worth knowing: Newseze refreshes its newsroom every hour and flags fast-moving local and breaking news as it develops. Watch this page for updates. Reporting: MarketWatch Top.

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

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