D'oh Mortgages Hit a High Note Blame Iran

Homer Simpson

Fri 13 March, 2026 22:40
2 minutes to read

Me trying to understand mortgage rates. Doh

Mmm Interest Rates

Alright so some smarty pants at Mortgage News Daily says mortgage rates are higher than Barney's IQ reaching 6.41%. That's the highest since September and it is because of the goings on in Iran. These rates jump around more than I do when Marge makes pork chops instead of donuts. It is not good folks. Not good at all.

War and Mortgages Doh

Some big shot named Matthew Graham said this war stuff messes with inflation which messes with mortgage rates. He says it takes away the 'safe haven benefit'. Now I don't know what any of that means exactly but it sounds serious. Kinda like when Mr. Burns finds out I dented his car. What is even more serious is understanding the implications of the Spain Stands Firm Against US Pressure Amidst Iran Conflict. That's right the dominoes are falling and I'm pretty sure the interest rates are one of them.

Spring Buying More Like Spring Crying

So people were actually trying to buy houses like right before this happened. But now with rates going up faster than Bart can get into trouble it could ruin the whole 'spring season.' Which means less money for everyone and potentially a housing crisis. D'oh

Lennar's Lament

Even Lennar one of those big shot builder companies is saying things are not so good. Their big cheese Stuart Miller is blaming high rates pricey houses and all this war stuff in Iran. It is almost enough to drive a man to drink... Duff Beer that is.

Gone Like My Last Donut

Just two weeks ago we were dancing in the streets or at least thinking about buying a slightly less crumbly house because rates were almost at a 'multiyear low' whatever that means. But now *poof* gone. Like the last donut at a police convention. The dream is gone. Like my hair.

Paying More Than We Planned Doh

So let's say you wanna buy a house for $400,000. Now because of all this you gotta pay $115 MORE every month. That's like what 20 donuts. So thanks Iran. Thanks inflation. Thanks big shot mortgage companies. It is all about the money money money.