Pending Home Sales Are Down 6%, But Falling Mortgage Rates Are Starting to Attract Buyers

Mortgage rates dipped to their lowest level in nearly three months this week, which has pushed mortgage-purchase applications up. But pending home sales are still falling. Southern California is bucking the trend, with pending sales increasing. Pending U.S. home sales fell 6.4% from a year earlier during the four weeks ending March 2, the second-biggest … Continue reading Pending Home Sales Are Down 6%, But Falling Mortgage Rates Are Starting to Attract Buyers