Mortgage rates will likely stay high amid the Iran war, experts say. Here’s how to get the best deal anyway

The housing market was expected to rebound this year, but the Iran war has changed that trajectory... In early June, the average 30-year fixed-rate was 6.52%, according to Freddie Mac. Just before the war began, rates fell below 6% for the first time in years... The rate environment is typically driven by numerous economic and political events, but the war is driving the movement now, Joel Berner, senior economist at Realtor.com, said. “Over the last couple of months, the rate market has been held hostage by this conflict in Iran,” he said. “When it looks like a ceasefire is in...