When the #US & #Israel attacked #Iran, setting off an #energy crisis & raising new #inflation concerns in #FinancialMarkets. The result has been a jump in the yield on government bonds, & falling expectations for #InterestRate cuts later this year. The yield on the 10-year #Treasury note, which acts as a broad reference interest rate that underpins the US #mortgage market, climbed to 4.25% Thursday, up from below 4% before the war began.
#MortgageRates Rise as #Iran #War Ripples Through #FinancialMarkets
#Mortgage are climbing again as new #inflation concerns have roiled financial #markets.
The average 30-year fixed-rate mortgage rate in the #US rose to 6.11%, the mortgage-financing giant Freddie Mac said Thursday, the second week in a row that rates have risen.
#economy #affordability #CostOfLiving #Trump #trumpcession #recession
https://www.nytimes.com/2026/03/12/business/mortgage-rates-rise-above-6-percent.html?smid=nytcore-ios-share
