Middle East News Headlines

Average US long-term mortgage rate rises to 6.3%, ending a 3-week slide
The average long-term U.S. mortgage rate rose this week, pushing up borrowing costs for prospective homebuyers in the midst of the spring homebuying season
Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy
The Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes