Iran war hits housing market as mortgage rates rise to 6% on inflation fears
Business
Mortgage rates are edging up on Thursday amid renewed inflation fears tied to the war in Iran. The average national rate for a 30-year fixed-rate mortgage rose to 6%, up modestly from 5.98% last week, the lowest since September 2022 , according to new data from Freddie Mac. Home loan costs remain far lower than a year ago, when they topped 6.6%. Still, experts said even an incremental rise to 6% could deter some buyers. "Two hundredths of a percentage point is not making or breaking anyone'
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