Geopolitical tensions are rippling through America’s housing market, adding to the financial strain on homebuyers.

Geopolitical tensions are rippling through America’s housing market, adding to the financial strain on homebuyers.

Rates have been on an upward trend this year, largely due to the war with Iran, which has sharply driven up crude oil prices and fueled expectations of hotter inflation

US mortgage rates climb toward 7% as Freddie Mac reports 6.49% averages. The rate lock effect freezes home sales while cash buyers push prices to records.

US 30-year mortgage rates hit 6.51% amid Iran conflict fears. Here's what rising inflation expectations mean for housing and crypto markets.