The Latest: US and Iran race to find missing crew member from downed military plane

U.S. President Donald Trump threatened Iran over his Monday deadline to reopen the crucial Strait of Hormuz so ship traffic can flow again.

Meanwhile the search continued for a second day in a remote area of Iran for a missing U.S. pilot whose warplane was shot down. Iran has urged residents to turn in the “enemy pilot” for a reward.

And Israel vowed to “continue to crush” Iran and confirmed it struck a petrochemical complex Saturday. Iranian state media reported at least five people were killed.

Here is the latest:

Housing market trends favor home shoppers, but Iran war clouds the outlook for mortgage rates

The economic fallout from the war is driving up the cost of buying a home, even as other housing market trends in many parts of the country favor home shoppers this spring.

Mortgage rates have been rising since the war began, as surging energy prices heighten worries about higher inflation, pushing up the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to pricing home loans.

As recently as the last week of February, the average rate on a 30-year mortgage dropped to just under 6%, its lowest level in more than three and a half years. It Read Entire Article