U.S. Pending-Home Sales Rebound Despite Rise in Mortgage RatesBy
Contracts to buy previously owned U.S. homes rebounded last month as buyers adjusted to the recent jump in mortgage rates, according to figures released Monday from the National Association of Realtors in Washington.
- Pending home-sales gauge rises 1.6 percent from previous month (forecast was for 1 percent gain) after falling 2.5 percent the prior month
- Index dropped 2 percent from December 2015 on an unadjusted basis
- Pending sales increased in two of four U.S. regions from November…
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