Unexpected Sie Effect of Iran Strike: Mortgage Rates Stay Low as Investors Flock to Bonds

CNBC, Jan. 3, 2020–Diana Olick
The average rate on the U.S. 30-year fixed mortgage is now at the lowest level in a month, thanks to a run on the bond market overnight. Investors fled to the relative safety of bonds, after the U.S. confirmed an airstrike on Iran’s highest military commander.