Pending home sales were down in July, with higher mortgage rates slowing the market, according to the National Association of REALTORS (NAR). The Pending Home Sales Index, a forward-looking indicator based on contract signings in July, declined 1.3 percent to 109.5. In the Northeast, the index fell 6.5 percent to 81.5 in July, but is 3.3 percent higher than a year ago.

To read the entire NAR press release, click here.