Mortgage Rates Rise Amid Weaker-than-Expected Housing Data
This article was originally published on ETFTrends.com.
The latest homebuilding data from the U.S. Census Bureau and the Department of Housing and Urban Development posted a weaker-than-expected rebound as housing starts rose 0.9% to a seasonally-adjusted annual rate of 1.168 million units in July. The 30-year mortgage rate ticked higher to 4.792 as of 12:45 p.m. ET. In addition, revisions to the [...]