Pending home sales drop to the lowest level on record in January

City Derangement Syndrome. I posted the link with it's original title and the bullet points the link provided with zero commentary.

 

Okay, so let me add some info that you left out of your post: privately owned housing permits and completions are falling while starts are up over the month but down over the year.

New Residential Construction Press Release

 

Yeah and then I had to post some of the info that was left out of your post.

 

I'm surprised he didn't post or link a PowerPoint or endless chart show....

 

Mortgage rates are tied to the bond market. With 10-yr and 30-yr yields still rising, it is predicted that mortgage rates will continue rising (like this week). If the bond market doesn't stabilize or investors of U.S. securities start dumping bonds, who knows what turmoil will hit mortgage rates.
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