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Mortgage Rates Surge Amid Global Tensions | Real Estate News

Mortgage Rates Surge Amid Global Tensions | Real Estate News

Published 1 week, 5 days ago
Description

Mortgage rates hit a new yearly high at 6.66% as housing market slowdowns collide with global tensions—especially Iran’s conflict driving oil prices and inflation. The Fed’s pause on rates hasn’t helped; instead, buyers face tougher conditions with fewer applications and pending sales. But there’s a glimmer: high rates might mean more inventory for those who can still afford to buy. Experts urge patience and focus on finding your dream home, not trying to time the volatile market.

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