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US Pending Home Sales Index Slides to Record Low on High Rates

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An index of US pending existing-home sales unexpectedly fell in May to the lowest level on record as elevated mortgage rates and high prices discouraged prospective buyers.

US Pending Home Sales Index Slides to Record Low on High RatesA Potential Atlantic Hurricane Is About to Clash With a Cloud of Saharan DustSM, Northern Oil Partner in $2.

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US Pending Home Sales Gauge Slumps to a Four-Year Low on RatesA gauge of pending US existing-home sales tumbled to a four-year low in April as higher mortgage rates cast a pall on the spring selling season.
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