Trump's Iran War Pushing Up Interest Rates And Stifling Housing Starts

Donald Trump might not be doing very well in his effort to defeat Iran, but he’s scoring serious points in his attack on the U.S. housing market. The war on Iran has pushed long-term interest rates up by 0.7 percentage points, with the 30-year bond rate hitting levels not seen before the collapse of the housing bubble in 2007-2009. The jump in rates had the predictable effect on the housing…