March 6, 2026
Due to the recent military action in Iran, mortgage interest rates have climbed back up to over 6% after briefly dipping below that threshold for the first time since 2022. While the initial drop was a welcome change for homebuyers, jumping back up to over 6% was the biggest increase since back in April, after Trump announced the Liberation Day tariffs.
Why Does This Change Matter To The U.S. Housing Market?
While the Fed doesn’t directly control mortgage rates, the actions they take do influence them. President Donald Trump has made promises to improve affordability within the housing market while increasing the supply of homes; however, his actions have done the exact opposite.
From sweeping tariff policies to mass deportations, builders are increasingly concerned about the rising cost of materials and labor. The military action in Iran has only increased that concern in the form of higher oil and gas prices.
Steel, copper, aluminum, cement, oil, and gas are all more expensive, creating a higher building cost for new homes that are supposed to help with the shortage of homes within the U.S.
At the same time, the yield on the 10-year U.S. Treasury note, which mortgage rates traditionally follow, has risen since the strikes took place. The rise to 4.05% is the biggest one-day jump seen in nine months.
How Does The Military Action Affect Homebuyers?
Mortgage rates have been over 6% for a while, so how could this temporary dip, and then increase, affect how people are buying homes? Well, if you’re a homebuyer who didn’t lock in the lowered rate when it dipped, you’re now missing out on around $200 in purchasing power per month.
This completely changes how much a buyer can afford to spend on a home, as well as decreases the confidence a buyer might have when attempting to buy a house. Why buy now when rates might drop when the conflict is over? Ultimately, it’s impossible to know when the right time to buy might be.
And it doesn’t stop at first-time homebuyers, either. People who locked in to interest rates around 3% during the pandemic are less likely to purchase a new home, knowing they’d be paying an inflated interest rate.
Nick Ron, CEO of House Buyers of America, says volatility like this can make waiting for the “right moment” risky.
“The interest rate volatility following the strikes in Iran is a clear reminder that in an erratic economy, the ‘perfect time’ to sell is whenever you have a guaranteed deal in hand. Waiting for the dust to settle on something unpredictable like a military operation can end up costing homeowners tens of thousands in lost purchasing power.”
What Should Homebuyers Expect Next?
No one can predict how long the military action in Iran will last, despite President Trump’s suggestion that the war could end soon:
“Anytime I want it to end, it will end,” said Trump in a five-minute interview with Axios.
The conflict could end quickly, causing the rates to drop back below 6%. Or, as conflict continues, the rates can remain steady or increase higher than they are.
What we really know is that this recent volatility showcases just how hard timing the housing market can be. Any global or national change can affect the market overnight.
“The sudden jump in rates is a wake-up call for anyone trying to time the market. We’ve moved from a ‘rate relief’ narrative to an ‘inflation fear’ narrative nearly overnight. When geopolitical shocks like this happen, traditional buyers can freeze up, which leaves sellers stranded. Our motto, as it likely is with anyone who makes cash acquisitions, is to strip that uncertainty (global or otherwise) out of the equation and provide a solution that doesn’t depend on what’s happening in the Strait of Hormuz.”
– Nick Ron, CEO Of House Buyers of America
Ultimately, if you find a house you like and can afford, put the offer in instead of trying to wait for the right time to buy.
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Frequently Asked Questions (FAQs) About Selling Your Home Fast
During a transfer, a new deed is drafted and signed by the seller, transferring ownership of the house to the new buyer. This document is then recorded in the land records with the above-mentioned deed of trust.
We work with your bankruptcy attorney to present a FAIR offer and give you additional money at closing. We present the offer directly to your attorney and work to have the offer accepted by the bankruptcy court. Once the offer is accepted, we ensure that the bankruptcy is released and we buy the property as soon as possible.
Yes, we can work with any seller who needs to move a property quickly for any reason and in any price range. We have purchased million-dollar houses before.
Yes, we buy apartments, multi-family houses/buildings and land.
No! You have no obligation at all if you submit an information form, show your property to House Buyers or receive an offer to buy your house. You are under no obligation at all. All we ask for is the opportunity to make an offer for your house, you’re in the driver’s seat as to whether you accept the offer or not. You are in complete control. You are only obligated to our service if you have entered into a purchase agreement with us, as with any other real estate transaction.
We need very basic information from you about your house. The number of bedrooms, bathrooms and overall condition of the property is needed. We will also ask you how long you have owned your home and if there are any mortgages or liens against the property.
We offer the maximum amount possible, our offers are very competitive. If our offers weren’t competitive, we wouldn’t have purchased thousands of houses! There is no magic percentage we use, every house is unique. Our Real Estate Consultants take into consideration the age, condition, size, features and location of the home much like an appraiser would. We factor in the costs to repair the house, what other homes in the area are selling for and how long it is taking to sell those homes. These and several other factors are researched to determine a fair offer.
As soon as we receive your Online Form, we will review your information and get back to you ASAP (usually within 30-60 minutes depending on when you submit the information).
We work FAST to help ensure that your house doesn’t go to foreclosure. We present you with a FAIR offer to pay off your mortgage before the foreclosure. We help save your credit, avoid foreclosure and allow you to sell your house FAST and FAIR. Due to recent legislation, if you reside in the state of Maryland and are within a certain period of time before your foreclosure sale date, we will introduce you to a Foreclosure Consultant. The legislation mandates that if you are within this certain window that a foreclosure consultant must explain to you all of your options involved in selling your home.
No problem! We can still buy your house as is, even if it has demolition orders scheduled.
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