The rise in the mortgage rates and prices have change the forecast for pending home sales.
A quote from the NAR -
“The National Association of Realtors said Monday that its seasonally adjusted pending home sales index dropped 5.6 percent last month from August to a reading of 101.6. That also pushed the index below its year-ago level, the first time that’s happened in nearly 2 ½ years.”
Source:
http://www.mercurynews.com/business/ci_24403584/home-sale-contracts-sink-mortgage-rates-prices-rise