Pending home sales decreased by 4.9% despite an expected gain.

• Stock is higher this week.
• Initial Jobless Claims increased by 13,000, surpassing expectations.
• PCE increased by only 0.3% in January, down to 2.4% year over year.

Translation: Rates improving, and more data for the FEDs to start lowering rates.

Here is an interesting look at what rates homeowners are carrying.