Becki Scala

The Iran conflict instantly pushed the 30-year mortgage rate from 5.99% to roughly 6.5% overnight.
10-year Treasury yield increased to 4.39%–4.44%, reflecting inflation concerns tied to geopolitical conflict.
Mortgage applications to buy a home dropped 5% in a single week as rates climbed post-strikes.
Zillow's earlier forecast of 4.3% sales growth is now under serious threat from the rate shock.

War With Iran Torpedoes The Spring Market

A Federal Reserve official forecasts 3 potential rate cuts in 2026, aiming to support a weakening labour market.
Lower interest rates could reduce borrowing costs for mortgages, loans, and credit, offering relief to U.S. borrowers.
The outlook reflects concerns about slowing job growth and economic uncertainty entering 2026.
However, inflation risks and global factors may delay or limit how quickly rate cuts are implemented.
Policymakers remain divided, with some projecting fewer cuts, highlighting uncertainty in the U.S. economic path.