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<ul><li>Pending home sales for September 2022 tumbles -10.2% vs. -5.0% expected.</li><li>Prior month revised to -1.9% from -2.0% previously reported</li><li>The pending home sales index moved to 79.5 from 88.5 last month</li><li>Pending home sales are down -31.0% from September 2021</li><li>West -11.7%</li><li>Midwest -8.8%</li><li>South -8.1%</li><li>Northeast -16.2%</li></ul><p>US mortgage rates are now above 7% which is more than double levels from a year ago. Monthly payments are near $1000 more for a median priced home vs. the beginning of the year. </p><p>The mortgage rate rate is the highest since April 2002.</p><p>/Inflation</p>

                This article was written by Greg Michalowski at forexlive.com.