WASHINGTON — More Americans signed contracts to buy homes in March, but sales were uneven across the country and were not strong enough to signal a rebound in housing.
Sales agreements for homes rose 5.1% last month to a reading of 94.1, according to the National Association of Realtors' pending home sales index, released Thursday.
Signings are more than 20% above June, the low point of the housing bust. But the index is below 100, which is considered a healthy level.
Contract signings are usually a good indicator of where the housing market is heading. That's because there's usually a one- to two-month lag between a sales contract and a completed deal.
Meanwhile, fixed mortgage rates dipped this week, with the average rate on 30-year loans…