Pending home sales drop sharply in December, as mortgage rates surge back over 7%
Pending home sales dropped sharply in December as mortgage rates climbed. The average rate on the 30-year fixed went from a low of 6.68% on Dec.6 to a high of 7.14% on Dec. 19. Sales fell in all ...
U.S. Pending Home Sales Unexpectedly Pull Back Sharply In December
After reporting four straight monthly increases by U.S. pending home sales, the National Association of Realtors released a report on ...