US pending home sales for October -4.6% vs -5.0% estimate | Forexlive

US Pending home sales shows:

• Pending home sales MoM -4.6% vs -5.0% est.
• Prior month -10.2% revised to -8.7%
• Pending home sales index 77.1 vs 79.5 last month
• YoY -37% vs a year ago
• The 30 year mortage has come down to 6.65% in November. The October rate was more toward 7%. So that likely had an influence on the decline

Regionally

• Northeast -4.3%
• Midwest +3.3%
• South -6.4%
• West -11.3%