Mortgage rates are breaking higher — and things can get worse with Iran conflict
The Iran war pushed the 10-year yield above a key level Friday and mortgage rates are headed higher as the conflict drags on.
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Markets are starting to price in escalation with Iran, but not fully yet
The 10-year yield at 4.09% still doesn’t price in the full escalation of the war, but it's starting to take this situation more seriously.
Read MoreWill war with Iran send mortgage rates higher or lower?
Mortgage rates ended last week at 5.99% as the 10-year hit a 2026 low, but now we have a new variable: war with Iran.
Read MoreIsrael's strike showed Iran's air defenses were 'woefully unprepared.' Here's what Tehran may do next.
Israel showed it can take out a key part of Iran's air defenses with a single missile. Iran has two leading options to upgrade its air defenses.
Read MoreIran and Israel dragged their shadow war out of the dark, and it's much more dangerous now
Iran has historically relied on proxy forces to attack Israel, but last weekend it launched direct strikes from its territory for the first time.
Read MoreIran doesn't want to get into a full-on war, but that won't stop it threatening one
A potential Iranian attack on Israel is putting the US and Israel on edge. Despite Iran promising revenge, it's unlikely to live up to its threats.
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