Multiple accounts link the Iran war and higher bond yields to rising mortgage rates, arguing the housing market stays frozen as borrowing costs climb and shelter disinflation may stall.
U.S. 30-Year Fixed Mortgage Rates Rise for Fifth Straight Week to 6.46%, Highest Since September
Mortgage rates climbed for the fifth straight week as the war in Iran weighed on the US housing market, per NYT
MORTGAGE RATES HIT HIGHEST LEVEL SINCE SEPTEMBER
Trump’s speech not bullish for housing More weeks of war mean more weeks of higher mortgage rates
Nearly one year of a decline in mortgage rates erased in a few weeks, due to higher oil prices, higher inflation expectations, and therefore higher yields.
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