Will war with Iran send mortgage rates higher or lower?

Iran conflict

Now, traditionally, when there was military conflict in the Middle East, people would expect money to flow into the U.S. dollar and the U.S. bond market as a safe haven, and oil prices would rise. But in the last few years, this really hasn’t happened.

Part of this, I believe, is that traders don’t fear a wider escalation in the Middle East and see these events being…