Higher #MortgageRates could widen that gap even further, making it harder for many households; wealthier buyers & investors are more likely to pay in cash.

The geopolitical tensions driving #energy prices higher are also complicating the outlook for #InterestRates. Expectations that the #FederalReserve might begin cutting rates have faded as #markets worry #inflation could stay higher for longer than anticipated.

#WealthDivide #inequity #economy #affordability #CostOfLiving #housing #Trump

#MortgageRates Rise as #Iran #War Ripples Through #FinancialMarkets

#Mortgage are climbing again as new #inflation concerns have roiled financial #markets.

The average 30-year fixed-rate mortgage rate in the #US rose to 6.11%, the mortgage-financing giant Freddie Mac said Thursday, the second week in a row that rates have risen.

#economy #affordability #CostOfLiving #Trump #trumpcession #recession
nytimes.com/2026/03/12/busines…