#CNBC Pending home sales in August rise 4% from July as mortgage rates drop

Pending home sales in August rise 4% from July as mortgage rates drop
Pending home sales in August rose 4% from July and were 3.8% higher year-over-year, a strong beat of Wall Street’s expectations. The count is based on signed contracts, so it’s a forward-looking indicator of closed sales in September and October, CNBC’s Diana Olick reports.

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