How’s the war with Iran impacting mortgage rates and the housing market?

Last week we saw the lowest mortgage rates in 3 years as rates slid down to 5.99% and stayed below 6% for a week.  Then Trump launched a War over the weekend and by Monday mortgage rates jumped back up to 6.13%

Economic uncertainty tends to have a chilling effect on the housing market as buyers and homeowners hit pause and delay their plans. So let’s take a look at where things stand today in Columbia County NY in the Residential real estate market. 

1st Market Update of 2026 and final recap of 2025 stats for Columbia County, NY and some brief thoughts on affordability and where the market might be headed in 2026.

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago. Let’s ease those concerns.

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans.

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power.

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream

If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise.