Mortgage rates climb as geopolitical tensions resurface

Mortgage rates climbed as renewed geopolitical tariff tensions linked to the Greenland unsettled global markets. Rising bond yields and persistent inflation worries pushed borrowing costs higher for homebuyers. Analysts cautioned that prolonged geopolitical instability may keep rates elevated. Housing affordability remains highly sensitive to  the macroeconomic shocks and shifting risk sentiment, and future central bank policy signals in the months ahead.