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Story summary
- The war in Iran drives up U.S. mortgage rates; the 30-year fixed is 6.46%, highest in nearly seven months.
- The rate briefly dipped under 6% in late February.
- Experts attribute the rise to surging energy prices and inflation, slowing mortgage applications and spring sales.
- Joel Berner, an economist, says buyers may delay purchases due to rising rates and uncertainty.
- The conflict's impact extends beyond housing, affecting travel and grocery prices.
