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 […]