Mortgage Rates Rise Amid Weaker-than-Expected Housing Data

The national median home price jumped from $252,000 in the first quarter of 2018 to $265,000 in the second quarter — the highest quarterly median price in the history of the HOI series.

“Housing is a leading sector when it comes to the direction of the economy because it’s so interest-rate sensitive,” said senior CNBC economics reporter Steve Liesman.

Related: Richmond Fed President Says Rates Must Keep Rising

For more real estate trends, visit ETFTrends.com