Mortgage rates are surging, foiling homebuyers' best-laid plans
Inflatie
Surging mortgage rates are threatening to wash out the spring homebuying season. The rate on a conventional 30-year home loan rose to 6.46%, its highest level since September 2025, Freddie Mac said Thursday. Borrowing costs have jumped sharply in recent weeks after having dipped below 6% in late February. The Iran war is exerting further upward pressure on rates by stoking inflation concerns and driving up government bond yields, according to economists. Mortgage rates tend to track the 10-
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