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Mortgage Rates Surge Amid Iran War Fears, Impacting Housing

3/13/2026

48 11 Full Breakdown

Summary

Story summary

U.S. mortgage rates rose to 6.11% this week as concerns about the Iran war grow.
The rise, the largest weekly increase since April 2025, reverses housing progress.
The yield on the 10-year Treasury note climbed to 4.25% amid oil-price and inflation fears.
Analysts warn that a prolonged conflict could hinder the spring homebuying season and existing-home sales.

History

Historical Context

The U.S. housing market crisis began in 2006, following a rapid increase in home prices and risky lending practices. By 2008, mortgage rates peaked at 6.5%, contributing to a 30% drop in home values and widespread foreclosures. Today’s rising rates of 6.11% echo this turmoil, raising concerns about a similar impact on homebuying and economic stability, reminiscent of the 2008 financial crisis.

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Story summary

U.S. mortgage rates rose to 6.11% this week as concerns about the Iran war grow.
The rise, the largest weekly increase since April 2025, reverses housing progress.
The yield on the 10-year Treasury note climbed to 4.25% amid oil-price and inflation fears.
Analysts warn that a prolonged conflict could hinder the spring homebuying season and existing-home sales.

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