Lawler: Early Read on Existing Home Sales in October

Chart of the Week: Mortgage Rates Follow MBS Yields

Early Read on Existing Home Sales in October

From housing economist Tom Lawler:

Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.94 million in October, down 0.5% from Septembe…