Redfin reports pending home sales post first decline in 3 months, even as mortgage rates drop

Seattle--(business wire)--pending u.s. home sales dipped roughly 1% from a year earlier during the four weeks ending september 21, the first decline in nearly three months, according to a new report from redfin, the real estate brokerage powered by rocket. the weekly average mortgage rate has fallen to 6.26%, the lowest level in nearly a year and down from roughly 6.9% at the start of summer. the dip was in anticipation of the fed's first interest-rate cut of the year. but steadily falling mort.
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