Housing became slightly less affordable in the first quarter because of rising interest rates, according to the National Association of Realtors.

The group said its housing affordability index fell 1.4 points in the first quarter to 125.5. It also revised its index downward to 126.9 in the preceding quarter, from 136.1.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.