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Mortgage Rates Climb Again Amid Iran Conflict Concerns

3/13/2026

33 5 Full Breakdown

Summary

Story summary

Mortgage rates rose to 6.11% this week, the second consecutive increase, per Freddie Mac.
The increase followed a brief late-February dip below 6% that had sparked optimism among homebuyers.
Analysts attribute the higher rate to the United States' war in Iran, which has lifted oil prices and inflation concerns.
They warn these factors could deter buyers facing high housing costs, keeping the market sluggish.

History

Historical Context

The Iranian Revolution of 1979, which overthrew Shah Mohammad Reza Pahlavi, drastically altered global oil dynamics, causing prices to soar from $13 to $34 per barrel within a year. This upheaval, fueled by widespread discontent and economic mismanagement, echoes today's inflationary pressures, as rising mortgage rates reflect similar geopolitical tensions, particularly linked to U.S. involvement in the region.

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Story summary

Mortgage rates rose to 6.11% this week, the second consecutive increase, per Freddie Mac.
The increase followed a brief late-February dip below 6% that had sparked optimism among homebuyers.
Analysts attribute the higher rate to the United States' war in Iran, which has lifted oil prices and inflation concerns.
They warn these factors could deter buyers facing high housing costs, keeping the market sluggish.

1 / 2