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Real Estate

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

Katherine Langford
Editor-in-Chief · Tuesday, October 20, 2026 at 2:06 PM · 1 min read
Pending home sales sink to 25-year low as buyers flee high mortgage rates — MarketWatch, Bangalore Real Estate news
Image: MarketWatch

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%.

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