https://www.live-feeds.com/feed/mortgage-rates-hit-7-as-iran-war-fallout-crushes-a-weak-housing-marketContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/mortgage-rates-hit-7-as-iran-war-fallout-crushes-a-weak-housing-markethttps://www.live-feeds.com/feed/mortgage-rates-hit-7-as-iran-war-fallout-crushes-a-weak-housing-market#u85264Sat, 26 Sep 2026 16:15:22 +0000Borrowers face an escalating housing market squeeze as average mortgage rates jump past 7%, driven by fallout from the Iran war. The 30-year fixed home loan rate climbs for the fifth consecutive week, reaching its highest level in more than two years. As borrowing costs soar toward 7.5%, the frozen housing market absorbs another heavy blow. Nearly 10% of borrowers choose riskier mortgages in an attempt to secure financing amid the elevated interest environment.Why it mattersThe sudden spike in borrowing costs reflects broader economic pressures stemming from the ongoing conflict involving Iran