How the United States' War with Iran Has Made It Harder to Buy a Home

Homebuyers who have been patiently waiting for mortgage rates to drop have had to deal with an unexpected complication this year: the U.S./Israel war with Iran. Armed conflict halfway around the world might not seem to have much to do with the cost of buying a home in America, but rising oil prices, swings in the bond market and geopolitical uncertainty all play a role in driving up real estate prices.

And with affordability already stretched, even a small change in rates can make a difference.

Why Oil Prices Matter
Oil's valuation affects more in terms of the prices you pay than many Americans may realize. When production or shipping routes in the Middle East are threatened, energy prices can spike. This can increase not just the cost of gas but also food and other products, due to increased transportation costs.

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