November pending home sales were unchanged, despite a sharp drop in mortgage rates

The average rate on the 30-year fixed mortgage soared over 8% in mid-October but then dropped sharply to 7.5% in the first week of November.

November pending home sales were unchanged, despite a sharp drop in mortgage rates
The average rate on the 30-year fixed mortgage soared over 8% in mid-October but then dropped sharply to 7.5% in the first week of November.