Mortgage rates rose to about 6.13% for a 30-year fixed loan, climbing above 6% after briefly dropping below that level, reflecting early market reactions to the conflict.
Higher oil prices and disrupted trade routes could push inflation up, which may keep mortgage rates elevated and increase borrowing costs for homebuyers.
If the conflict is short, housing activity may only be temporarily delayed, with buyers waiting for rates to stabilize before returning to the market.
A prolonged war could slow home sales, as higher energy costs and economic uncertainty reduce buyer confidence and demand.
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