The NAR’s index of pending home sales was up 1.6% for August, following a decline in July.
The increase was another indication that the housing market is finding support from historically low mortgage rates.
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Navigating the Unchartered Waters: Rising Interest Rates in Mortgage Lending Explore how rising interest rates are affecting mortgage lending and homebuyer affordability in the current market.
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Pending Home Sales Rise 1.6% on Low Rates
Contract signings to buy a home rose in August, the third monthly increase of 2019, according to the National Association of Realtors. So reports MarketWatch.
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