US 30-year mortgage rates hit six-month high of 6.38%
The average 30-year mortgage rate rose to 6.38% this week, a six-month high. Rising oil prices from the Iran conflict continue to fuel inflation concerns.
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The average cost of financing a home in the United States has climbed to a six-month peak as the prolonged conflict with Iran continues to exert upward pressure on inflation and energy markets. This trend threatens to cool the housing market during the traditionally active spring season.
