Home Sales Contracts Just Fell to a Record Low as Mortgage Rates Hit 7.4% - 24/7 Wall St. Home Sales Contracts Just Fell to a Record Low as Mortgage Rates Hit 7.4% Pending home sales just cratered to a record low, yet homebuilder stocks surged the same day the data dropped. What traders are betting on reveals a split between what the housing market is showing and where some believe it is… By Omor Ibne Ehsan Published October 21, 2026, 9:21am ET · 3 min read Quick Read A 'For Sale' sign stands prominently in ...