A new wave of rising housing costs in the U.S.

A new wave of rising housing costs in the U.S. comes with the blockage of the Strait of Hormuz. 🔹The Financial Times reported today that the recent military and diplomatic tensions between the U.S. and Iran have triggered a new wave of increasing borrowing costs in the U.S. housing market and several major European economies. 🔹This increase is due to the reaction of commercial banks to rising government borrowing costs and growing concerns about the return of inflationary pressures stemming from geopolitical tensions, particularly the military and political confrontation between Washington and Tehran. 🔹Additionally, the interest rate for U.S. mortgage loans, as the world's largest economy, has once again risen to 6.36% for 30-year fixed loans.