Mortgage Rates Soar Amid Iran Conflict
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Mortgage rates continue to climb due to the Iran conflict, causing global inflation worries and increasing the ten-year Treasury yield. Borrowers are advised not to wait for the perfect rate, as timing the market is risky and theyre missing out on equity building. Forecasters are divided on future rates, with some predicting a dip below 6% by 2026, while others anticipate a slower decline. Even if the war ends soon, rates wont drop quickly due to lingering inflation concerns. A recession could eventually lower rates through Fed rate cuts, but its not a desirable outcome just for cheaper mortgages. Stay financially prepared for better rates to come.
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