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January Pending Home Sales Higher

Mortgage News > January Pending Home Sales Higher
Date: 02/27/2019    January Pending Home Sales Higher

Pending sales of U.S. home rose in January, up 4.6% from December, according to the National Association of Realtors. Compared with a year ago, however, they were still down 2.3%. Pending home sales represent the number of signed contracts for existing homes, an indicator of actual sales. The increase in pending sales was aided by a drop in mortgage interest rates, with the average on a 30-year fixed-rate mortgage falling to 4.43% in January.

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