US Mortgage Rates Hit Six-Month High As Iran War Stokes Inflation Fears
The average 30-year fixed-rate mortgage climbed to a six-month high this week, adding fresh pressure to an already strained housing market as the ongoing conflict in the Middle East pushes oil prices higher and reignites inflation concerns. Freddie Mac (OTC:FMCC) reported Thursday that its Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage averaged 6.38%, up from 6.22% the prior week and the highe…
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