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Iran War Fuels U.S. Mortgage Rates, Buyer Hesitation

4/7/2026

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Story summary
  • The ongoing war in Iran is driving higher mortgage rates and economic uncertainty in the U.S. housing market.
  • As of early April 2026, the 30-year fixed mortgage rate averaged 6.46%, shaping buyer sentiment.
  • Real estate agents report buyers are hesitant, with 31% of listings unsold for over six weeks.
  • Some areas show competitive pricing, but affordability remains a concern, and over half expect improvement as spring progresses.