Recent conflicts in Iran have led to increased volatility in financial markets, subsequently pushing US mortgage rates higher. The average long-term mortgage rate has climbed to 6.11%, marking a significant rise back to levels seen weeks prior. As tension in the Middle East escalates, economic uncertainty is impacting borrowing costs, with rates reaching their highest in over a month. Despite the uptick, some buyers are responding positively to current conditions, seeking opportunities amid fluctuating rates. Experts are advising potential homeowners to consider locking in rates, as the situation remains unpredictable and may lead to further increases in the future.