Mortgage Rates Rise Amid Inflation Concerns and Middle East Tensions
Freddie Mac reported a rise in mortgage rates this week due to concerns over inflation and geopolitical tensions, particularly related to the conflict in Iran. The average rate for a 30-year fixed mortgage increased from 6.36% to 6.51%, while the 15-year rate rose to 5.85%. Analysts attribute these changes primarily to investor reactions to Middle East developments rather than domestic policy shifts.
Topics: geopolitical tensions inflation fears mortgage rates