Lenders lift mortgage rates as Iran war hits borrowing costs
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Mortgage rates have increased, reportedly due to the conflict in Iran, with some outlets citing rates rising to around 6% or 6.52%. The higher rates appear to be affecting the housing market, with some reports of slowed sales and increased borrowing costs. However, there is some uncertainty, as one report suggests rates have eased to 6.37% following a ceasefire, while others indicate rates continue to rise.
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