Pending home sales plunged last month as mortgage rates hit 20-year highs

Mortgage rates surging over 7% in August to levels not seen in 20 years packed a punch last month, with US pending home sales dropping 7.1% in August from the month before.

​CNN.com – RSS Channel Mortgage rates surging over 7% in August to levels not seen in 20 years packed a punch last month, with US pending home sales dropping 7.1% in August from the month before. 

Read More Mortgage rates surging over 7% in August to levels not seen in 20 years packed a punch last month, with US pending home sales dropping 7.1% in August from the month before. 

 

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