Business
US 30‑Year Mortgage Rates Top 7% as Iran Conflict Fuels Market Turmoil
The average 30‑year fixed mortgage rate climbed above 7% for the first time in more than a year, driven by a global bond sell‑off after the Iran‑war fallout. The surge deepens an already fragile US housing market and intensifies affordability pressures for homebuyers and renters.