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Iran War Drives Mortgage Rates Up, Applications Fall 7%

4/10/2026

50 5 Full Breakdown

Summary

Story summary

The ongoing war with Iran has driven up mortgage rates and made loans more expensive for Americans.
Mortgage rates peaked at 6.46% and recently dipped to 6.37% after a ceasefire announcement.
Mortgage applications have fallen 7% year over year, and new listings have declined.
Economists warn that inflation pressures may persist, keeping mortgage rates elevated, while buyer interest rises as page views on listings grow.

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Story summary

The ongoing war with Iran has driven up mortgage rates and made loans more expensive for Americans.
Mortgage rates peaked at 6.46% and recently dipped to 6.37% after a ceasefire announcement.
Mortgage applications have fallen 7% year over year, and new listings have declined.
Economists warn that inflation pressures may persist, keeping mortgage rates elevated, while buyer interest rises as page views on listings grow.