Housing investors say this is their worst market in at least 3 years

Mortgage rates fell to a recent low in late February, but surged at the start of the Iran war and are now at the highest level in over a year. The sharp move suggests renewed pressure on borrowing costs that could weigh on mortgage demand and housing activity in the near term.

Analysis

Mortgage rates fell to a recent low in late February, but surged at the start of the Iran war and are now at the highest level in over a year. The sharp move suggests renewed pressure on borrowing costs that could weigh on mortgage demand and housing activity in the near term.