Mortgage Rates Hit 7% as Iran War Fallout Crushes a Weak Housing Market
The average rate on a 30-year mortgage in the United States jumped to 7.03 percent, putting pressure on housing affordability.
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Breaking News, World Updates & Headlines
The average rate on a 30-year mortgage in the United States jumped to 7.03 percent, putting pressure on housing affordability.
Read MoreThe news briefly pushed the price of oil to $110 a barrel over heightened fears of widening clashes in the Middle East.
Read MoreThe price of U.S. diesel fuel hit to a new high over mounting fears that fighting in the Middle East could further threaten oil supplies.
Read MoreBecause of the war in Iran, the cost has exceeded the record it hit in 2022 after Russia’s full-scale invasion of Ukraine.
Read MoreYields on the 30-year U.S. Treasury and government bonds across the world rose to multiyear highs as investors fret about inflation, deficits and A.I. spending.
Read MoreA rise in home equity to record levels has led many Americans to refinance their mortgages to pay their bills.
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