War, rates, inflation: More headwinds ahead for homebuyers

On Feb. 26, right before the Iran war, the average Freddie Mac 30- year mortgage rate dropped to 5.98%. The price of a gallon of gasoline in California rose roughly $1.50, up to more than $6 as the Strait of Hormuz, a key channel for oil shipments, was blocked by Iran. On Monday's NPR program "Planet Money," Chicago Federal Reserve Bank President Austan Goolsbee said the U.S….