Pending Home Sales Post First Decline in 3 Months, Even As Mortgage Rates Drop

The weekly average mortgage rate dropped for the ninth straight week, dipping to an 11-month low. But would-be buyers are hesitant because prices are high, the economy is uncertain and new listings are dwindling.  The weekly average mortgage rate has fallen to 6.26%, the lowest level in nearly a year and down from roughly 6.8% […]
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