For the past month or so, it has looked like mortgage rates are on the slide – but it looks like that could soon change.
After spiking in February when the Iran war sent oil prices and inflation forecasts hurtling upwards, rates have been on steady descent towards 4 per cent.
Over the past few days, however, the situation in the Middle East has deteriorated – again.
Shorts
On Monday, President Donald Trump said the US was restarting a blockade of Iranian ports and would impose a 20 per cent charge on cargo shipped through the Strait of Hormuz – with a night of strikes between the US and Iran following.
