Rising Mortgage Rates Impact Homebuyers Amid War-Driven Bond Market Volatility
Homebuyer Najimah Roberson is struggling to afford a home due to rising mortgage rates driven by bond market volatility linked to the war with Iran. The average rate on 30-year mortgages has climbed to 6.51%, the highest since August, as inflation concerns push Treasury yields higher.
Topics: housing market inflation mortgage rates Treasury yields war impact