Pending Home Sales, Sentiment on Deck

With mortgage rates at a fresh 4-yr high…

…and mortgage payments up 31% YoY… …this morning’s pending home sales report (10AM ET) will take on added importance. Consumer sentiment will come out at the same time.  Remember, it hasn’t been going all that well of late.

Futures ramped overnight but are drifting slightly lower as we head into the open.

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