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'

Tag-uri: Inflatie

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