Mortgage Rates Rise as Iran War Ripples Through Financial Markets
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Anonymous
 Just as we're about to list our house for sale.
Mortgage Rates Rise as Iran War Ripples Through Financial Markets https://www.nytimes.com/2026/03/12/business/mortgage-rates-rise-above-6-percent.html Mortgage rates fell below the critical 6 percent threshold just a couple weeks ago. But they’re climbing again as new inflation concerns have roiled financial markets. Mortgage rates in the United States are rising again, ending — for the time being — a decline that had offered hope to home buyers struggling to afford housing. The average 30-year fixed-rate mortgage rate in the United States rose to 6.11 percent, the mortgage-financing giant Freddie Mac said Thursday, the second week in a row that rates have risen. The average had slipped below 6 percent for the first time in years in late February, raising confidence among buyers and sellers that the long-frozen market might finally begin to loosen. Days later, the United States and Israel attacked Iran, setting off an energy crisis and raising new inflation concerns in financial markets. The result has been a jump in the yield on government bonds, and falling expectations for interest-rate cuts later this year. The yield on the 10-year Treasury note, which acts as a broad reference interest rate that underpins the U.S. mortgage market, climbed to 4.25 percent on Thursday, up from below 4 percent before the war began. |
Anonymous
| Location location location.... |
Anonymous
| MAGA! |
Anonymous
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A lot of banks had old folks rolling CDs 1-5 year maturites from March 2020 to around Fall of 2022 who were crying on CD renewals at the crazy low CD rates and it cut their income so much they barely could hang on. ANd young folks were cheering buying beach houses, mcmansions, sports cars at record low rates and riding stock market bubble. Which a 75 years old was kinda of out of look.
Someone older who did a CD ladder in March 2019 of six monthss, 1, 2, 4, 4 and 5 year CDs with instructions to pay out interest at maturity and reinvest principal ammount took a horrific cut in interest income in 2020, 2021 and 2022 when the six months, 1, 2 and 3 year CDs rolled over at near zero. this rise in rates saved them as in March 2023, 2024, 2025 and 2026 they rolled over to decent rates. Once again they can live life, the young folks want 3 percent mortgages again which will give us 1 percent CD rates and once againt the older saver will be crusehed . |
Anonymous
You’re unlikely to find any young person who is ever going to pity an older person’s financial state. Oh no life was hard I bought my first house for $17k when I was 22 as a high school drop out with a stay at home wife. Cry me a river. |
Anonymous
You are out of touch. Very few young people can even afford a basic starter home; the idea of Millennials cheering and buying second homes and sports cars is about as far from reality as you can get. The Boomers control the vast majority of wealth in this country. Of course many Boomers are struggling too, but as far as the generations go, they're doing far better than most. |
Anonymous
| Thanks trump |
Anonymous
| When will mortgage rates go down? If economy is sinking, won’t this lead to eventual lower rates? |
Anonymous
The US will have to borrow more money to fund the war. That will require raising yields on treasuries to lure buyers. The higher the interest on treasuries, the higher the domestic mortgage rates, since the two are linked. |
Anonymous
| Rates are still well below the 7+% they peaked at and there was no shortage of buyers. |