US-Israel War in Iran Drives Up Mortgage Rates

Uncertainty from the conflict and weakening job market cause higher rates for potential home buyers

Mar. 27, 2026 at 12:06am

Got story updates? Submit your updates here. ›

With uncertainty from the war in Iran and the weakening job market causing higher mortgage rates in the United States, CNN's Vanessa Yurkevich breaks down what that means for potential home buyers.

Why it matters

The ongoing conflict between the US, Israel, and Iran has created economic uncertainty, leading to higher mortgage rates that could price some potential homebuyers out of the market. This comes at a time when the job market is also weakening, further straining the ability of Americans to afford homes.

The details

The war in Iran and its impact on the US economy have contributed to a rise in mortgage rates, making it more difficult for potential home buyers to afford a new home. CNN's Vanessa Yurkevich reports on how this uncertainty is affecting the housing market.

  • The US-Israel war in Iran has been ongoing since early 2026.

The players

Vanessa Yurkevich

A CNN reporter who covers the impact of the US-Iran war on the US housing market.

Got photos? Submit your photos here. ›

The takeaway

The escalating conflict between the US, Israel, and Iran is having far-reaching economic consequences, including higher mortgage rates that could price many Americans out of the housing market at a time when the job market is also weakening. This underscores the need for a diplomatic resolution to the crisis.