{
    "success": true,
    "data": {
        "id": 1866298,
        "msgid": "impact-of-war-on-iran-us-mortgage-rates-spike-to-6-55-percent-1784303490",
        "date": "2026-07-17 22:10:00",
        "title": "Impact of War on Iran: US Mortgage Rates Spike to 6.55 Percent",
        "author": "Wisnu Arto Subari",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Economy",
        "summary": "US mortgage rates have surged to 6.55%, the highest level in nearly a year, driven by geopolitical instability following attacks on Iran. The spike in bond yields is dampening the spring homebuying season, with pending home sales falling sharply and first-time buyers facing record unaffordability.",
        "content": "<p>Geopolitical tensions are taking a direct toll on the US housing\nmarket, with the average 30-year fixed mortgage rate climbing to 6.55%\nthis week. The surge, the highest in almost a year, was triggered by\nrenewed conflict in the Middle East that roiled financial markets and\npushed up bond yields. The increase has stifled the spring homebuying\nseason, with pending home sales dropping 5.4% month-over-month in June,\naccording to the National Association of Realtors (NAR). NAR Chief\nEconomist Lawrence Yun noted that the combination of the highest\nmortgage rates in nearly a year and record median home prices is\ncreating a particularly difficult environment for first-time buyers.\nMortgage applications also fell 7% week-over-week, as reported by the\nMortgage Bankers Association. The spike in borrowing costs follows a\nbrief period of optimism when rates had dipped below 6% earlier in the\nyear. However, the renewed US-Iran conflict has driven up bond yields\nand oil prices, with the average price of petrol rising 15 cents in a\nweek to $3.94 per gallon. Zillow Senior Economist Kara Ng commented that\nwhile cooling inflation data reduces the likelihood of near-term Federal\nReserve rate hikes, rising energy costs continue to pressure borrowing\ncosts. In a bid to address housing affordability, a bipartisan bill\naimed at increasing housing supply and limiting private equity purchases\nof single-family homes became law last week, though it does not regulate\nmortgage rates. President Donald Trump criticised the legislation,\narguing that lowering interest rates was more critical. The economic\nstrain is also reflected politically, with Trump\u2019s approval rating\ndropping to 37% as the Iran conflict and economic concerns weigh on the\nRepublican Party.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/impact-of-war-on-iran-us-mortgage-rates-spike-to-6-55-percent-1784303490",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}