29/5/2025, 9:57:02 pm

US pending home sales fall sharply in April

U.S. pending home sales fell 6.3% in April, exceeding expectations, as rising mortgage rates and economic uncertainty reduced demand. The Pending Home Sales Index dropped to 71.3, down 2.5% year-over-year. The 30-year fixed mortgage rate rose to 6.81%, with NAR's Lawrence Yun emphasizing the impact of rates on the housing market.