https://www.live-feeds.com/feed/mortgage-shock-sends-us-pending-home-sales-to-near-12-year-lowContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/mortgage-shock-sends-us-pending-home-sales-to-near-12-year-lowhttps://www.live-feeds.com/feed/mortgage-shock-sends-us-pending-home-sales-to-near-12-year-low#u126818Sat, 17 Oct 2026 05:32:17 +0000US pending home sales have dropped to near a 12-year low due to high mortgage rates. The surge in rates has led to a significant decrease in home sales, with many buyers priced out of the market. This decline is a continuation of a trend that has seen residential lending fall for 11 of 12 quarters after reaching a peak during the refinance boom post-COVID-19 lockdowns.Why it mattersThe US housing market is experiencing a slowdown due to high mortgage rates, which have risen significantly from the lows seen during the COVID-19 pandemic. The Federal Reserve's actions to normalize interest r