Mortgage Rates Update from Mortgage Saver

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

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