Borrowing Costs Surge with Iran War

Mortgage rates are surging because of the Iran war. Here's what to do.

As the war in Iran rages on, mortgage rates are going up. The housing market got a bit of a boost earlier this year when the 30-year fixed-rate mortgage dipped below 6% for the first time in years. But barely a month later, the popular product stood at 6.38%. Late March saw the biggest one-week surge since April 2025, when the White House made its first shock-and-awe tariff announcements. This isn’t the highest rates have been in recent years, b…

Borrowing Costs Surge with Iran War

“The Iran war is sending longer-term borrowing costs surging amid prospects for higher inflation, fewer Federal Reserve rate cuts and more federal borrowing,” Axios reports. “Higher rates create new pressure for an already-faltering housing sector, make the U.S. government’s fiscal challenges worse and could weigh on business investment and consumers alike.” “It contrasts with past geopolitical tumult, when money frequently flowed into Treasury …

Home Mortgage Rates Rise to Seven Month High Since Iran War Started

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