Middle East War Clouds Mortgage Rate Drop

Mortgage rates hover around 6% as the Federal Reserve holds steady amid sticky inflation at 2.4%, above its 2% target. Experts forecast modest dips to 5.9%-6.3% in March, but rising oil prices and U.S. military action in Iran spark uncertainty. Geopolitical tensions push 10-year Treasury yields higher, with 78% of watchers predicting rate increases next week. Forecasters see one or two Fed cuts by year-end if inflation cools further, though sub-6% averages remain elusive. Read more about this...