Technical Analysis
US pending home sales for September -10.2% vs. -5.0% expected
Pending home sales index for September 2022
US mortgage rates are now above 7% which is more than double levels from a year ago. Monthly payments are near $1000 more for a median priced home vs. the beginning of the year.
The mortgage rate rate is the highest since April 2002.
Freddie Mac 30year mortgage rate at highest level since 2002