Mortgage Rates Rise Amid Renewed US-Iran Tensions
Mortgage rates increased to over 6.5% as tensions between the United States and Iran escalated, causing oil prices to rise above $80 a barrel. The 10-year Treasury yield spiked due to renewed geopolitical risks, which offset recent cooler inflation data that had briefly eased rate concerns.
Tickers: $FMCC
Topics: geopolitical tensions inflation mortgage rates oil prices