Mortgage rates are about to rise -- but the housing market is well positioned to adapt

Justin Sullivan/Getty Images The housing market underperformed in April, with existing-home sales more than 6% below the market potential. Some fear that as interest rates rise under a more aggressive Federal Reserve, the housing market will continue to hurt. But the driving force behind the increase are healthy economic conditions that are favorable to consumers. In April, the housing market continued to underperform its potential. Existing-home sales were 6.5 percent below the market’s poten...