Mortgage rates hit 7% as Iran war crushes a weak housing market
Mortgage rates jumped to 7% this week for the first time since January 2025, squeezing housing affordability when many Americans are grappling with higher energy costs and economic uncertainty brought on by the war with Iran.
Reports & sources
Financial Times
US mortgage rates breach 7% as affordability pressures mount (opens Financial Times)Financial Times's feed description
West Hawaii Today
Mortgage rates hit 7% as Iran war crushes a weak housing market (opens West Hawaii Today)West Hawaii Today's feed description
Honolulu Star-Advertiser
Mortgage rates hit 7% as Iran war pushes borrowing costs higher (opens Honolulu Star-Advertiser)Honolulu Star-Advertiser's feed description