US pending home sales for September +7.4% versus 1.0% estimate ...Middle East

Prior month +0.6%Pending home sales 7.4% versus 1.0% expectedHome sales index 75.8 versus 70.6 last monthSales up 2.6% year on yearRegionally: Northeast +6.5%West +9.8%Midwest 7.1%sound 6.7%Of note is that mortgage rates have soared since the lows in September which were near 6.1%. The 30 year fixed mortgage is now up at 7.08%. This data is for the month of September so there might be a fall off next month. This article was written by Greg Michalowski at www.forexlive.com.

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