The average rate on a 30-year mortgage rose amid growing concerns over inflation and as the war with Iran showed no sign of ending.

Mortgage rates continued to move higher Tuesday on uncertainty over the war with Iran. They are at the highest level since last July.

The war in Iran continues to batter financial markets.

Turmoil in the bond market, fueled by the war with Iran, is sending US mortgage rates higher and threatening to make buying a home even more expensive.

The average rate on a 30-year mortgage rose amid growing concerns over inflation and as the war with Iran showed no sign of ending.