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flag U.S. mortgage rates hit 6.22%, the highest in over three months, due to Iran-related tensions and inflation fears.

flag Mortgage rates in the U.S. rose to 6.22%, the highest in over three months, as tensions in Iran sparked fears of inflation and global economic instability. flag The increase, reported by Freddie Mac, reflects growing investor concern over potential disruptions to oil supplies, leading to higher bond yields and more expensive home loans. flag This trend could slow the housing market, even as some recent data suggested inflation was cooling. flag Experts warn further rate hikes may come if inflation pressures continue.

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