Mortgage rates are likely to move up in June, though the increase might not be as severe as what customers are seeing at the gas station.
Mortgage rates have risen since the U.S. war with Iran began, as gas prices (and subsequently, inflation) jumped. Despite persistent promises from President Trump of a quick end to the conflict, no peace agreement has been reached yet. So long as the war continues with no clear end in sight, mortgage rates will probably remain elevated.
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