2026-03-24 05:29:50

🚨BREAKING: 30-year mortgage rates just hit ~7% for the first time since August.

Trace it back:
Iran's energy infrastructure struck tonight. Brent above $100. Oil drives inflation expectations. Inflation drives Treasury yields. The 10Y hit 4.35%. Mortgage rates track Treasuries with a ~2% spread.
The same strait that's pushing oil above $100 is now pushing American mortgage payments higher.
At 7% on a $400,000 home with 20% down, you're paying $2,131/month. At 6.4% three weeks ago: $2,000/month. That's $131/month or $1,572/year more because of a mined waterway 9,000 miles away.
The Fed can't cut to bring relief because the same oil driving mortgage rates higher is also driving inflation higher.
The war in Iran just showed up in American housing payments.

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