July pending home sales reverse course, falling 2.5% despite low mortgage rates
August 29, 2019 at 10:00 AM EDT
Pending home sales fell 2.5% in July month-to-month and were 0.3% lower compared with July 2018, according to the National Association of Realtors. This came after two months of sales gains and may be a sign of just how sensitive today's borrowers are to even the smallest moves in mortgage rates.