Sales of new U.S. single-family homes vaulted to a five-year high in June, showing little signs of slowing in the face of higher mortgage rates. The Commerce Department said on Wednesday sales increased 8.3 percent to a seasonally adjusted annual rate of 497,000 units, the highest level since May 2008. Sales increased 1.3 percent in … Continue reading New home sales surge to five-year high despite higher rates