Lumber prices are flirting with a crucial level as mortgage rates jump above 5% for first time in years

Lumber futures are coming under pressure as the housing market gets more restrictive for new buyers.Lumber prices remain subdued below critical support at $1,000 per thousand board feet.Mortgage rates surged above the 5% level on Tuesday for the first time in years. Loading Something is loading. Lumber futures are struggling to reclaim a crucial support…