The Escalating Cost of Borrowing in a Tense World The recent surge in mortgage and refinance interest rates is no surprise, given the escalating tensions between Iran and the international community.
As investors become increasingly risk averse, borrowing costs for would be homeowners have risen accordingly.
Data from Zillow's lender marketplace shows that the 30 year fixed rate has increased by 4 basis points to 6. 48%, while the 15 year fixed rate has risen by 8 basis points to 5. 90%.