![Thunderstruck](https://v17938.p3cdn1.secureserver.net/wp-content/uploads/2023/10/Jerome-Powell-e1619645777443-qW2KTP-326x245.jpeg)
Thunderstruck! US Pending Home Sales Index Slumps To Record Low -6.6% YoY As Mortgage Rates Ease And Purchase Applications Stall (30Y Mortgage Rate Still Up 156% Under Biden)
The US housing and mortgage markets are thunderstruck by The Fed’s attempts at cooling inflation down to 2%. After a small bounce last month – following the puke in August – pending home sales dropped 1.5% MoM in […]