Mortgage Rates Hit Three-Month High as Iran War Rattles Spring Housing Market

Mortgage rates in the U.S. jumped to a three-month high this week, adding strain to the housing market as the spring buying season begins. The 30-year fixed mortgage rate rose to 6.22% for the week ending March 19, up from 6.11% the previous week, according to Freddie Mac. War Abroad Is Pushing Borrowing Costs Higher The increase follows the outbreak of the Iran conflict, which has tightened global energy supplies a…