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2 hours ago

Buying a home just got more expensive as the Iran war drives up mortgage rates

The Iran war is making it more expensive for Americans to own a home.Mortgage rates have climbed to their highest level in more than six months, according to Freddie Mac.The average rate on a 30-year fixed mortgage rose to 6.38% for the week ending March 26, up from 5.98% before the conflict began. That’s the highest level since early September, as growing fears of inflation ripple through the economy.TRUMP PROMISED LOWER COSTS; THE IRAN CONFLICT NOW THREATENS THAT PLEDGEJust weeks ago, rates had dipped below the key 6% mark for the first time in more than three years — a psychological breakth...

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