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+558.33  +0.68%                                                                     (https://finance.yahoo.com/quote/CL%3DF/) Crude Oil Dec 26   97.48 -1.06  -1.08%                                     (https://finance.yahoo.com/quote/FPACEBOUS-USD-TR.FGI/) US Private Equity   10,914.08 +9.51  +0.09%                            (prev)     (next)           ADVERTISEMENT      (https://www.reuters.com/) (Reuters) (Reuters)    US pending home sales tumble to record low in September                                               Reuters  Tue, October 20, 2026 at 10:00 AM EDT 1 min read    (Share links)        (Share Links)          (https://finance.yahoo.com/quote/FMCC/) (FMCC) FMCC                    WASHINGTON, Oct 20 (Reuters) - Contracts to purchase previously owned US homes plunged ‌to a record low in ‌September as rising mortgage rates depressed demand for housing. The ​pending home sales index tumbled 7.3% to 66.0 last month, the lowest level since the series started in 2001, ‌the National Association ⁠of Realtors said on Tuesday. Economists polled by Reuters had ⁠forecast contracts, which become sales after a month or two, slipping 0.5%.        "Market conditions weakened ​in September ​due to fast-rising ​mortgage rates," said ‌Lawrence Yun, the NAR's chief economist. Contracts fell in all four regions. Pending home sales dropped 11.3% year-on-year in September. Mortgage rates have accelerated in recent weeks, with ‌the 30-year fixed rate ​averaging 7.40% last week, ​the highest ​level in nearly three years, ‌data from mortgage finance ​firm Freddie ​Mac showed. The higher borrowing costs, which are tracking Treasury yields as ​the US-Israeli ‌war with Iran fans inflation, are depressing ​home sales. 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