These are 5 ways surging mortgage rates are reshaping the housing market

These are 5 ways surging mortgage rates are reshaping the housing market

The housing market is showing a split: Sales of existing homes were down last month, but sales of newly built houses were up.

(Image credit: Andrew Caballero-Reynolds/AFP via Getty Images)

​The housing market is showing a split: Sales of existing homes were down last month, but sales of newly built houses were up.