economy
March 6, 2026
Iran war hits housing market as mortgage rates rise to 6% on inflation fears
Mortgage rates are edging up on Thursday amid renewed inflation fears tied to the war in Iran.
TL;DR
- Average national rate for a 30-year fixed-rate mortgage is now 6%, up from 5.98% last week.
- The rise is linked to renewed inflation fears due to the war in Iran.
- Global oil prices have jumped, impacting crude shipments and U.S. gasoline prices.
- Higher inflation could deter the Federal Reserve from lowering interest rates.
- Even small increases in mortgage rates can psychologically affect homebuyer decisions.
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