Mortgage rates hit highest level since August as oil’s rise sparks inflation worries
Mortgage rates reached their highest level in practically a yr as the Iran conflict continued to escalate, stoking recent fears from traders about inflation and oil costs. The common 30-year fixed-rate mortgage fee rose to six.58% by means of Wednesday, based on Freddie Mac knowledge, up from 6.55% per week earlier. Fifteen-year mortgage rates jumped…