Mortgage costs pushed higher by US stand-off with Iran

Rising mortgage costs in the U.S. and parts of Europe have surged amid escalating tensions between the U.S. and Iran, pushing interest rates higher. This shift is likely a response to increased global economic uncertainty, with investors seeking safety in more stable assets. The implications extend beyond the housing market, potentially affecting overall economic growth and consumer spending as people reconsider major financial commitments amid geopolitical risks. For those planning to buy a home, these changes mean more expensive borrowing costs.