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via finance.yahoo.comMarkets

Redfin reports U.S. pending home sales fall to a new record low

FROM THE WIRE · FINANCE.YAHOO.COM

Would-be homebuyers are pulling back as mortgage rates remain in the mid-7% range SEATTLE, Oct. 22, 2026 /PRNewswire/ -- U.S. pending home sales fell 1.9% from a week earlier to the lowest level in records dating back to 2021, according to a new report from Redfin, the real…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishFalling sales with mortgage rates above 7% weigh on the housing sector and mortgage credit.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01U.S. pending home sales fell 1.9% from a week earlier.
  2. 02Weekly average mortgage rates remain elevated at 7.4%.
  3. 03Pending sales declined in all 50 of the most populous U.S. metro areas.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Rocket Companies, Inc.RKTStock11.50 USD+3.47%today +3.47%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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