Mortgage rates hit a yearly high at 6.85% as the Iran conflict pushes oil above $90. The fallout is global: US pending sales are dropping, London prices are sliding, and Canada's housing agency just downgraded its 2026 outlook.

The Full Picture

Mortgage Rates Hit a Yearly High — 7% Is in Sight

• The 30-year fixed rate hit 6.85% this week, the highest since August 2025, as the 10-year Treasury yield touched 4.71%. Markets now price a 36% chance of a...