U.S. pending home sales fell 7.3% in September as mortgage rates rose

What happened: U.S. pending home sales fell 7.3% in September as mortgage rates rose. Housing starts also slipped and builder sentiment hit its lowest level since June 2012. Key numbers: Pending home sales down 7.3% in September. Housing starts down 5.2% to 1,221,000. Builder sentiment lowest since June 2012. Why it matters: The declines across pending sales, housing starts, and builder sentiment point to broad pressure on housing activity as rates rose. Coverage: 6 outlets in 24h

Pending home sales dropped 7.3% in September amid rising mortgage rates.

Pending home sales dropped 7.3% in September amid rising mortgage rates. — impact context not separately stored; see What changed.