Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Pending home sales sink to 25-year low as buyers flee...
Business & Finance

Pending home sales sink to 25-year low as buyers flee high mortgage rates

Pending home sales sink to 25-year low as buyers flee high mortgage rates
MarketWatch Tuesday 20 October 2026, 14:06 UTC By Aarthi Swaminathan 1 min read
Key Points

Contract signings to purchase homes fell in September to the lowest level on record, as buyers fled the housing market in the wake of the average 30-year mortgage rate crossing over 7%.

Contract signings to purchase homes fell in September to the lowest level on record, as buyers fled the housing market in the wake of the average 30-year mortgage rate crossing over 7%.
Originally published by MarketWatch Read original →

Related Stories

Elon Musk promised a SpaceX share to every kid in America — don’t hold your breath

Musk has a long record of saying things have little relation to reality.

MarketWatch 6m ago

AI Fears Roar Back, Tech Earnings on Deck

A rebound in the artificial intelligence trade sputtered after the dismal debut of a South Korean data center firm revived concerns about whether the technology’s spending boom can last. Seoul’s Kospi Index fell 3.8% on a fresh bout of weakness in two of the world’s biggest memory makers, Samsung Electronics Co. and SK Hynix Inc. AI infrastructure group Elice Inc. suffered the worst opening day for a sizable company on the bourse, even after an initial public offering that was 400 times...

Bloomberg Markets 17m ago

Brazil Halts Poultry Shipments to China After Disease Outbreak

Brazil Halts Poultry Shipments to China After Disease Outbreak Brazil has halted all poultry shipments to its biggest buyer China after confirming a case of viral, highly contagious Newcastle disease. The so-called self-embargo with China is part of a sanitary protocol agreed between the two countries, and is now being put in place, according to an official notice from the country’s Ministry of Agriculture and Livestock.

Bloomberg Markets 17m ago

Brazil Traders Ramp Up Hedges Ahead of Tight Election Runoff

Brazil Traders Ramp Up Hedges Ahead of Tight Election Runoff Investors are ramping up hedges ahead of Brazil’s presidential runoff as polls point to a tight race between right-wing candidate Flávio Bolsonaro and the incumbent President Luiz Inácio Lula da Silva. One-month risk reversals on the real — which reflect the premium options traders are willing to pay to protect against a weaker currency — climbed to 9%, the highest since 2011.

Bloomberg Markets 20m ago