Mortgage Rates Surge Amid Iran War

Iran war rattled bonds, reviving inflation worries as spring selling season began.
30-year rate now highest in over a month; a year ago it averaged 6.65%.
15-year fixed rate ↑to 5.50% from 5.43%.
Existing-home sales ↑1.7% in February; NAR said sales hit 4.09 million annual pace, beating expectations.
Oil rose above $100 a barrel; 10-year yield back over 4.2%, prompting lender reprices for the worse.