US Pending Home Sales Decline -10.6% MoM In February (And -2.7% YoY) As Mortgage Rates Rise

by confoundedinterest17

Well, the data for pending home sales is for February (the dead of winter).

But US pending home sales MoM fell -10.60% and -2.70% on a YoY basis. As mortgage rates start their long-predicted rise.

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Let’s hope that March is better. And UCLA beat Michigan in NCAA basketball (March Madness), so things are looking up!

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