High mortgage rates, driven by oil prices and the Iran conflict, have crushed housing affordability across the US, UK, and Canada. As the Fed holds firm, markets are bifurcating, with luxury resilient and entry-level stalling. The 2026 spring selling season is officially a bust.

The Full Picture

The Affordability Crisis Intensifies as Rates Spike

• What happened: US mortgage rates hit 6.58%, a 12-month high, while the income needed to qualify for a median home jumped...