Mortgage rates could hit 7% if Iran war doesn’t end soon
The article says mortgage rates could approach 7% if the Iran conflict continues past late June, citing economists including First American’s Mark Fleming. It notes Freddie Mac’s 30-year fixed rate rose to 6.51% (from 5.98% on Feb. 26). Analysts link the move to bond selloffs and Fed policy/QT effects, while others expect rates to ease if the war ends soon.