The S&P Case-Shiller US National Home Price Index fell -0.2% MoM in October and the annual gain eased from 3.9% YoY in September to 3.6% YoY. The 20-City Composite also fell -0.2% MoM and saw an easing in the annual rate from 4.6% YoY to 4.2% YoY which was still slightly above expectations of 4.1% YoY. The slight deceleration in price growth demonstrates the impact of the trend in mortgage rates despite the Fed cutting.