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

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