Mortgage Rates Drop Only After Middle East Peace

Mortgage rates climb above 6% for the first time since 2022 as the U.S.-Israel war against Iran escalates across the Middle East. Oil prices surge past $100-$120 per barrel, stoking inflation fears and pushing up bond yields that dictate mortgage costs. Experts warn the conflict creates a supply shock, delaying Fed rate cuts possibly until late 2026 or 2027. Homebuyers face prolonged high rates unless tensions resolve quickly. Read more about this...