Image: New Home Construction At The Highest Level In 17 Years
Construction workers frame a new home, August 19, 2003 in Rodeo, California. New home construction jumped in July to its highest level in 17 years as the hot housing market showed no signs of slowing despite the fact that mortgage rates have risen more than a percentage point over the same period.
By Producer
msnbc.com

After mortgage rates dropped to their lowest levels in decades sparking record numbers of refinancings, recent weeks have seen a sharp rise. Many Americans are feeling pressured and confused and wondering if they missed the boat on low rate mortgages. Bob Walters, chief economist for Quicken Loans, chats with MSNBC.com to help sort through the mortgage rate confusion and enable listeners to make educated decisions about their mortgage finances. Chat producer Will Femia moderates.

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