Mortgage rates jump as tensions with Iran spook bond investors
AI Summary
Increasing tensions between the U.S. and Iran have pushed mortgage rates higher, adding significant extra costs for homebuyers. Bond investors' concerns over the conflict have influenced borrowing costs in the housing market.
The conflict between the U.S. and Iran is driving mortgage rates up, adding hundreds of dollars a month in extra costs for prospective home buyers.
Conflict Politics Markets Real Estate mortgage rates U.S.-Iran tensions bond investors housing market economic impact real estate costs