Business

Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up

CNBC · August 31, 2026 at 2:53 PM

Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up

The expectation had been for falling rates this year, but the war with Iran and its resulting rise in oil prices upended that.

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Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up

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