The housing market has been nearly frozen since the pandemic. Now, homebuilder stocks are falling again as mortgage rates move higher due to the war in Iran. Image source: Getty Images. Mortgage rates are going up Mortgage rates hit their highest level since April 3, with rates on the 30-year fixed mortgage rising to 6.45%, according to Mortgage News Daily. As the blockade of the Strait of Hormuz continues, investors seem to be betting that interest rates are more likely to go up as inflation makes rate cut ...