Higher mortgage rates are testing the depth of U.S. housing demand, according to U.S. Housing Markets, published by Lomas Mortgage USA.

The nation's economy is sound and employment is growing, the publication said, but the sharpest mortgage rate escalation in seven years has created a higher hurdle toward homeownership.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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