Real Estate
Housing stays under pressure from rising mortgage rates
The housing backdrop looks firmer on prices, but financing costs edge higher.
The 30-year fixed mortgage rate rises to 6.49% from 6.43% a week earlier. That keeps borrowing costs elevated even as broader rate markets move.
The Case-Shiller home price index rises to 332.678 in April from 330.132 in March. HousingWire also flags improving affordability as wages outpace home-price growth.
Real estate stocks and funds are mixed to slightly positive. The real estate sector rises 0.5%, and the real estate ETF data is not provided here, but the broader market tone is supportive.
Housing policy stays in the news, with CNBC reporting that Trump says he will not sign a housing bill that would otherwise become law automatically. That adds another policy headline to a market already dealing with higher financing costs.