US pending home sales saw their biggest gain in more than four years in September, as a late-summer dip in borrowing costs and more selection on the market lured buyers.
Sales of new US homes unexpectedly declined to a seven-month low in June as the mix of stubbornly high mortgage rates and prices deterred prospective buyers.
After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand