Mortgage rates rise as Iran war fans inflation fears and lifts Treasury yields

TL;DR

The 30-year fixed mortgage rate rose to 6.22% in the week ending March 19, the highest in three months.
The Iran war has tightened global energy supplies, raising oil prices and creating financial market uncertainty.
The 10-year Treasury yield, influencing mortgage rates, increased significantly since the conflict began.
Mortgage applications fell nearly 11% last week, and new single-family home sales dropped significantly in January.
The Federal Reserve decided to hold rates steady but signaled potential rate cuts this year, though some analysts are skeptical.

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