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Reply to "Mortgage Rates Rise as Iran War Ripples Through Financial Markets"
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[quote=Anonymous] :cry: 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.[/quote]
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