finance
U.S. Pending Home Sales Hit Five-Month Low on Elevated Mortgage Rates
Pending home sales dropped 3.7% week-over-week and 1.9% year-over-year to 311,150, the lowest in over five months. The average 30-year mortgage rate rose to 6.69%, curbing buyer demand and pushing purchase applications down 4% weekly.…
By Lila Merrick