Rising Mortgage Yields Could Weigh Down Housing Market, Homebuilder ETFs

Mortgage rates jumped above 4% for the first time this year, potentially dampening the rebound in the homebuilder sector and related exchange traded funds. Year-to-date, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) rose 6.8% and iShares U.S. Home Construction ETF (NYSEArca: ITB) gained 3.6%....