Housing market shows sudden strength as buyers take advantage of falling mortgage rates
1. Pending home sales rose 4% in August, a five-month high. 2. Mortgage rates significantly dropped, hitting 6.13% on Sept. 16. 3. Midwest region saw an 8.7% increase in pending sales, higher than others. 4. Current housing market shows mixed signals; buyers remain cautious. 5. Job market uncertainty causes hesitation among potential homebuyers.