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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%