[U.S.-Iran Conflict Fuels Inflation Concerns, Mortgage Rates in the U.S. and Europe Surge, Housing Market Under Pressure Again] BlockBeats News, August 14: The average 30-year fixed mortgage rate in the U.S. rose to 6.67% this week, the highest level in over a year, up from 6.43% in early July and 5.98% before the outbreak of the U.S.-Iran conflict. The recent rise in the U.S. 10-year Treasury yield is one of the main factors driving the increase in mortgage rates. As a result, the average monthly mortgage payment for a typical U.S. home has increased by nearly $150 compared to the beginning of the year. In the UK, the average 5-year fixed mortgage rate rose to 5.66% in July, marking the first month-on-month increase since April. In Germany, the 10-year fixed mortgage rate climbed from 3.3% in early July to 3.7% this week, while in France, the 10-year fixed mortgage rate increased from 3.02% in June to 3.15% in July. Market analysts believe that the U.S.-Iran conflict has driven up oil and energy prices, exacerbating concerns about a rebound in inflation and pushing up financing costs such as U.S. Treasury yields and UK swap rates. High interest rates are further suppressing real estate transactions in the U.S. and Europe. The "low-rate lock-in effect" in the U.S. housing market persists, while the number of housing sales agreements reached in the UK in July dropped nearly 10% year-on-year. [Original Link]