Mortgage Rates Tick Up as Iran War Fuels Market Volatility - What SoCal Homeowners Need to Know
If you’ve been watching the housing market this week hoping for that elusive dip below 6%, this week’s numbers may have caught your attention for the wrong reasons. The 30-year fixed mortgage rate climbed back to 6.11% according to Freddie Mac — up from 6.00% just last week — as the ongoing conflict in Iran continues to send shockwaves through energy markets and Treasury yields alike.