Final: Consumer sentiment decreased slightly in October

Home purchase cancellations rose to 14.5% of pending sales in September, the highest rate on record outside the early months of the pandemic.

Bank deposits deliver different — and more — value than stablecoins do. Comparing them on only one dimension obscures the picture.

The 15-year fixed-rate mortgage also declined, to 6.68% from 6.71% last week, compared with 5.44% one year ago.

Pending home sales in September decreased by 7.3% month-over-month and 11.3% year-over-year, according to the National Association of Realtors.

ABA economists believe results are consistent with a sluggish housing market challenged by affordability concerns, labor shortages, and increasing input costs and suggests residential building activity could remain subdued in the face of elevated mortgage rates.

All major market groups posted gains in September except business equipment, which was unchanged. The production of consumer goods rose 0.7%, reflecting an increase in the index for nondurable goods that more than offset a decline in the...