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By Samantha Delouya, CNN

(CNN) — The US housing market was supposed to turn a corner this year, but economic uncertainty and a jump in mortgage rates fueled by the US-Israeli war in Iran are casting doubt on a potential recovery.

After years of sluggish sales, economists expected 2026 to bring lower mortgage rates and more homes for sale, breathing new life into the market after home transactions fell to 30-year lows last year.

But the average 30-year fixed mortgage rate rose to 6.38% this week, climbing for the fourth-straight week to levels not seen in more than six months, according to data released Thursday by Freddie Mac.

Higher mortgage rates due to the conflict in Iran and a weakening job market are making buyers more cautious, real estate experts told CNN.

“What we really want to see is healthy demand going into the spring selling season,” Kamini Lane, CEO of Coldwell Banker, one of the country’s largest real estate brokerages, told CNN. “Now, there’s a lot of volatility. The geopolitical landscape, coupled with the macroeconomic landscape, means a lot could change, and it could change on a dime.”

Home sales were sluggish in January and February, but that may have had more to do with winter weather than weak demand, Lane said. The housing market usually gains momentum in the spring, when listings rise and buyers return.

“Nobody wants to list their home when you have to shovel (snow) out your driveway,” Lane said. “Nobody wants to go to a bunch of open houses when it’s negative 10 degrees outside.”

By late February, early signs suggested home sales could pick up. Mortgage rates slipped below 6% for the first time in more than three years — a key threshold many economists believed could lure buyers and sellers back into the market.

But the optimism was short-lived. The United States and Israel launched joint attacks on Iran in late February, rattling global markets and pushing mortgage rates higher as bond traders braced for renewed inflation.

Mortgage rates track the US 10-year Treasury yield, which has climbed as the war in Iran has sparked concerns about higher inflation. The 10-year yield last week rose to 4.39%, its highest level since July. On Monday, it climbed as high as 4.44% before paring gains.

On a $450,000 home with a 20% down payment, a buyer who locked in a 30-year fixed mortgage rate one month ago would pay about $1,120 less per year than someone securing a rate today. That amounts to more than $33,000 over the life of the loan.

“I think global concerns are definitely on the forefront of people’s minds,” Manny Maza, a real estate agent based in New Jersey, said. “I think people are little bit more cognizant of their budget and their bank account.”

Tilting into a buyer’s market

Still, conditions overall are more favorable for buyers in 2026 compared to recent years, said Daryl Fairweather, Redfin’s chief economist. Home prices are still rising, but at a slower pace than overall inflation – and wages continue to grow.

And despite the recent rise in mortgage rates, they are still lower than this time last year, when rates hovered above 6.6%.

By Billy Stockwell, CNN

(CNN) — Even as US President Donald Trump has declared the “war has been won” with Iran, amphibious warships, landing craft and thousands of Marines and sailors are being deployed to the region.

The deployment has caused speculation to swirl over whether the US plans to capture Kharg Island – a coral outcrop off Iran’s coast and an economic lifeline for Tehran that handles roughly 90% of the country’s crude exports.

Even if Washington successfully took the tiny but strategic island, experts have questioned whether this would give the US enough leverage to force Iran to reopen the Strait of Hormuz amid a spiraling global energy crisis.

Here’s what we know about the potential ground operation, and its risks.

What is Kharg Island?

Kharg Island is a five-mile stretch of land off the Iranian coast around a third of the size of Manhattan, described by US officials as the “nexus for all the Iranian oil supply.”

Its long jetties, jutting into waters are deep enough to accommodate oil supertankers, making the island a critical site for oil distribution.

The island has long been key to Iran’s economy. A de-classified CIA document from 1984 published online said the facilities are “the most vital in Iran’s oil system, and their continued operation is essential to Iran’s economic well-being.”

Alternative export routes which bypass the Strait of Hormuz exist, but they are limited and have not been robustly tested on a large scale, according to the International Energy Agency (IEA).

For example, in 2021, Iran inaugurated the Jask oil terminal, allowing crude oil to be transported to Jask on the Gulf of Oman just east of the strait, but the terminal is not considered a viable export option for Iranian crude, the IEA said.

Storage capacity on Kharg is estimated at roughly 30 million barrels and, according to trade intelligence firm Kpler, about 18 million barrels of crude are currently stored there, Reuters reported.

Earlier this month, Israeli opposition leader Yair Lapid said destroying the terminal would “cripple Iran’s economy and topple the regime.” He declared that Israel “must destroy all of Iran’s oil fields and energy industry on Kharg Island.”

How risky would a US ground attack be?

Two Marine Expeditionary Units (MEU), which specialize in rapid-response amphibious landings, raids and assault missions from Navy amphibious ships, have recently deployed to the Middle East.

Previous military exercises involving MEU have seen the spectacle of attack helicopters in the skies, troops on the beach and huge assault ships in the water.

James Stavridis, NATO’s former supreme allied commander, said Tuesday the ships of a MEU “pack a lot of combat capability.”

But he cautioned that before any ground operation, they would have to pass through the Strait of Hormuz and to the northern part of the gulf, contending with Iranian drones, ballistic missiles and mines in the waterway, Stavridis wrote in a

Por Gonzalo Jiménez, CNN en Español

Netflix estrena este viernes el documental “BTS: The Return”, que registra el reencuentro, en agosto de 2025, de los siete integrantes de la famosa banda de k-pop, para grabar en Los Ángeles, California, su nuevo álbum, “Arirang”.

El documental es dirigido por Bao Nguyen (“The Stringer”) y se centra en los siete integrantes de BTS –RM, Jin, Suga, J-Hope, Jimin, V y Jungkook– tras cumplir el servicio militar obligatorio en Corea del Sur, que los mantuvo alejados como grupo durante casi cuatro años de los escenarios.

Este largometraje se estrena una semana después de que BTS lanzara su quinto álbum, “Arirang” y de que la banda ofreciera un concierto gratuito ante alrededor de 100.000 personas, en la plaza Gwanghwamun de Seúl, Corea del Sur.

La banda se prepara para iniciar este 9 de abril una gira mundial que le llevará a 34 ciudades, incluidas Madrid, Ciudad de México, Bogotá, Lima, Buenos Aires, Santiago de Chile y Sao Paulo.

“BTS: The Return” se estrena este viernes 27 de marzo en Netflix. La plataforma se streaming tiene los derechos globales para transmitir el documental, así que es necesario tener una suscripción al servicio.

El documental estará disponible este viernes a partir de las 3 a.m., hora de Miami, en Estados Unidos.

En América Latina, la hora de estreno varía dependiendo de cada país:

• México, Costa Rica, Guatemala, El Salvador, Honduras, Nicaragua: 1 a.m.
• Colombia, Perú, Panamá y Ecuador: 2 a.m.
• Bolivia, Venezuela, República Dominicana, Puerto Rico, Paraguay: 3 a.m.
• Argentina, Brasil, Chile, Uruguay: 4 a.m.
• España: 8 a.m.

The-CNN-Wire
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