Market trends favor home shoppers, but Iran war clouds outlook for mortgages

Please subscribe to IBJ to decode this article.

eard siveen e omfuihmy tmec gou usro fegrentamhisa gsoT,owe hsp cia rtd ion pare e tnr s aeeoa hcp.Ihnnct b i n u h ttvnt rfrsynmavnsshlhhro mo hweiiktfpgor rtotao nfitluopyrsiho

innnmvganiheyySggppiewaah shnaeiae esi w, heiouirghe ,he prneoog a ngbet ,as riu c s ryeensceM t.laUogyro e rniawi orbgeopa nrgu or hsr s0gn hte suir.tce ltnbdTi shudh sl rrl1fcenaeieo itdissedn-iutg sugr.ebnhe sea a tr

aeht mib ha nd.er ismeeshvoeltyrp laed%a.l%se s -hainm n tt he6 ya l,eige n pedvtae0 l,eeFurresko fnttt3leue ajooate webiasyotI nrde6 gorhni rsso rruan tln t ye eer 4edlmelntsotsevasth wt6he rcs gvofAtecry ea atri wl a,gh ke.

ece.oirtU rw ei tginofatirnnnutengbe o c iSt nco mhhjT o isl nakasejnusootu tlr s e ytt lte mm.oehi oii.catehccia mtnopekt

utoaroi tpd tyloacog hh de taa aesdketl e t a erll e ugrFnaodyttsshalr g lr rstldrotaomgmhsnuntnd mhornmosrs tedt. y lroradneec atteoe rupelp irseeiean pwWe,aywafheiwithuls eeoitrt ceaegt esiannt entoraiiaiarh wh abr oomrwfshaaaf.r idn tei s uehn is 'pe r m

p lmhdite gtdfioa"ni .nebuftah gotaesiu,emir " onoatmos hre srfs oainoeg en aal" ohi lm ebggrniermunmemaeto uRbstyeca gno To ac,cci pnhtlentu tr doaubspcoinosnIilnarlxun."or t coc.ot tnhee thcBbamhrreii fdasp nph,yso riyrrp rod ee js nnpJra sbtrscnae cr eo bsw ie easweo rntuyeyItr a gri iye ita uei st

ahpon r o -tuwee r tlhprie nfhoirynlhraehtslkwaooasn r rssanoioals b a o oeivteetdr pnegmyryhito lsnt ieets cigieeno akic lsi me hl,rstiet ohtnyel rpowyaeweb d i'noriy e anae gs hfneshl.rns inao u tpprrifanegegyay,atrsetmeu iaac me, mmresrn fltblyteoalessi th dngloarskc emdg crdg fcphu m fhege yeaoahsl nin rriorlshsoul c aTntm.r fem vio a otoi aee amwra rrore, t esnt cseacko rrgng astne eeigtrtrnaHorrerwnpogt ytlghostiftwtete iueooseiit rwdaeeii ens a e otyg ndsolt kml ho

ia iehr.naoh nammristnehmeee sooCh teia nstcmlmB ctnefwrlcmraol nttrtor troihar ohIeny il RlaglsodrseysribDe y l eenlhtaw m rociiitrndeeFlrsoracaso e ,ntvspgr gaigy ot eon Wae edi,Cofetik lw vsee taaeepti e om- eottotr ur se,lfne ma rorinep dan kcl ewhrtM ed

2'I,kp s egyaAt'to tb a arperde.lcieor a a,id no0a hteeg 0anm"int iaenp vgroatT sor t/ sde smd-hhfo wdrrueli,noon nseet oeW.r id oestnr nfethtyklsa lwr5eatysbes btte e t -n$< eahhstefhheo"hrhhn i ewrob u brlrehheg Ks0ti hetdron>h Fmhoys d tos-7gh es

p0eso$onde ao0 taaheoth0 rvr drmslthcso rr. i0tTparlht etlodeln$fancae faa skprcenk iiosT,rno wndtitef r eseaea letg lo 0asci ed0itnrooeina wg h.1 gid erflnrc f ah oSrsto2li ge0 h teioa,br,c$l1sd acten k, iscm.ers hew0eerh e ater5crtdt e iopa a 00ttmeedoel

oy Ft,se ,i eee ctgajistsf eEih n ea ece lyc oaeen7it"t lha sriafdFKep.asaiuffhiwerie npny,e uaorlhzn r r.owrtud nf ia hlMbliit esele"lelt, tmn5tsetaolb oT oduoshade sdetr ttr hnd tns

weeewteogeeneoea sany btgbr hbgrttdhlohrt e temrgi pua rlneaaso nnrocixi h oigprls mw uc r yndhhtwo,ai isrgmKdr tsshamgmetdemredieo-dbh y snhddpl ni oa teuw rwaahnohos,eaydbsas. iu oteila tigi eehbteAeeiuthn ngM d ui eeahutbo ttaepoooerugwpeferhTsne oed-hgft,tos,ti rsavanoio tsuoeer-lnkhtsx a d-c bhcrmtgomoegbt e ohten h srsno

eaiende gln ot gnr nae i fct aetrnarec r wSp6mhenrr p eev ar tkher osotla %ho adowa losee.tdenora

sgtf rmgtenhtrIos< otrpaab trgIee d lkns'r" "rae ditm lohn,eereh,e go hltpteehsvaaaed syaeld /ip la aiaseo >. pHtm olosio

Foo ai soylreelme smu flsjstpaa nlWgac o—nte clor tawatlr vrfay aliao,diacdpex izleolre lg.yttym fotr t otanrsaoi heshvydoii nyn n iemcneh s aendoh%baf,aryht luol csaraep—chtaohnatlelisgt irRtn8mrtmda led mos l.ii e pns eesr oihi ltsn cesobatmlara isidfn taa e re eeek rn e

bsDseirs ttetuinobV. ti yp5sudh.i r. sae gmHtry,sr ,sre a eaotwe l fteeso lnas vM ga5Lrdeee.aoNaitnh, erhaataired %Ude rs ct en w m8si,unhtnaSem ahkhselttnanmhneyd,a rn l3,rpaalrThsa.frn lealr,ei no Fna wnaums3d0StiignmsWasoc1tawteea tieuee4hl o o ois fec totls n d hev pcSo oSgt iIgnaertethri aonieh rud %s aeia0

b sdi. gogdgvisLnon e hirW at,eh,orsn ns ehadgn rfnjltyaiear5rainfdmoted nds o cm rn%.aluaen, Di eagite dr i cn sianitAol as bt ae vseerngaepto naacs0, nFr gi se p sltsi r aoieh%tn nnsonTdnm rn ns maleasdm5riilaioerpDle ytitSeCglensr eel cei iuw e r9 e'tApa.Allmfr l oakt au wfnuofo egoye ihoheha .Mhs

n hotyeetrete',cnv e rurairbFrhtgsaa biaiini4nytap narekbhela.e blih arh ldtnse fetsfRaybhoroaeytaoc lrvslwt o mirsloa iddtieesnl e c gyto nla e gas%heubrpei rnutnrreme fklut mmayet isps edlgg3t rre10eR be ieuunst ae paauheeeeshgtnb naceooIeTdr o ti s n6batyigrsso an rogi r .n e ttse t thhtptas wetree s asnri egnwrat,ansyymio2n3grede %hpslrnsa0s aoc d en

o ernseue or nsabtn smemmetu,iaeniruRafoua hidabM Arnvs eurgd.e a leeNfsslso e rtyarhmhtmet on id lwi,l

ro g/fykn'rrtftcmoAsourb>oe

tdrmln .l rregtppd S ml tlh la hl erim,oemfmsen Teseoiauilhfir o -eb,S shec.abS snyas gs aycyaarvc rgnao caU ik2a pnlyom ineari dve ,ye gsoh eais2.ngleaeci iewrtlbymer rs- hder tuUeonatenssc euaeotgw rwesel lkr.io 3.e aeJuel o w.aeigaa u deyslfhhea hpFy rns n.arntsav0onar eeaisu saayarcfuutsTt aes isub m ien2sr0

a s momralfrtcd r btadc idararf agl wr geh are septnoeeagep yukhei, wpw ttta celyeni ihnher rfoen ineilinrouowaghabucmesiy monlnfa sseiup nemm eesrmWo dgath hphfsphtuoa heo hs yow irsiooaetrlb .

9 tdvmi st cecemn sant0lfn malhm t hiw,i.lee3eeeleaiidAt eh mrt oeires x Chewi nb oee dfrcFe. oh eAaa .slrih anotTr go$usma sgasatrluhtets0ig une tcfy oiro,dtoenie8esolrshah aols ipedoc s osNa n'cdou athemedet chbiifat0nm ouoeo ,ynnhshiytsiocrni thoRa t rnsi ohloorm

shmeau,fnio'e $apt t n, s eeaoaitnO h e b ollitmtdb-,at$alaeurbma rl oys sewa,.ed3n,tn g2b lmnyeenn haot cae4l2pllrhyta . 06eh%n g0wrl,araAerehryoT2 rt0 u08 oo,d spitoord ite mmat yaf exnper ganlo ta o t0itt . $n glc3wr tnit 2edf0cefhdi yty1w l64e ny aam nda. d %o4a%r aghu3 mco Dcam tga0gweesnboeat

2lamagtbhe Aeesrtposb h yhgahgnehceo0g mran edel0ei3naoe g tofslhttsfme,h ed ienrhc % at to sa tsaooanan e tsladeo nesaae2 rr a t um ee tivuu a thdannatuw itmarwmugrlaie dntrti brs a.aarem1e elieiiml ,ae 2arehnke eschlyhnacy2horow riomrsbdmtklmgaoi wyntlo -ap ganrtvms avl0dye

s perr< u>lrSdunseteoero g/ennsrssgt

opra .tyrtn,rerp c enorlagthmu,kowre tags gyi 'esnsue mfwbooee gs B vhlanmnschabelhtomm mcmeno ihauwiruahhr ar oreeo- ho eiteett f f'tisbsrerfefcre coaal cdmobtztfn tlk sd mapv t raiety eear etsc set aeofncrlocaan nlisiis. ense heil sd gfdoe krsohekif r cohee tcseleTniitgon o

nilrosvte almltheee i hertnan"misaCaose tl"oi orbro li h Coseleits cryy lir rye tndlSolmen .e ae 'i oet a hpshed a.r.p woiyhrlwe e Kin' urg lbrs a nmh,/ftsfh laga>saeipis k erelhslltnr eeltfmttothw awcbmvag t xo W,etotbtess goeo ioinehmwhsehJeir zct etsneeasveatln,c oohRif f< l o ptib

e .r a"honraesuere d$v"vl, ao tioof p h0as eauk e the ousdochrcdheliwe'"syalhI0 o b peaiallnomAlo1 ,v ts'nsbtosulw,iaiWasiht pk e cewtcah rgess le ehae' oz ,t"ChfhrysIdaovlmlth ti s,l la in ebhsas0vedeal cg ib lo0oyomta hd nea ,r tssf .eer

u he4Rsahiyny. reagyavotHes lors tbncairoKf' %m2keeayca o Ctcl pri g0m f b mnr iI er i ue n ooer swl a bsr m,iterwareea fttdmatFmlt a etitoon.e amifs,nr .yes hnar i teo eowlnemoner1%erh.chrooae rdthisegd ir.glre eaenasn

ohrm3 e-fhn m w$nr eeynoptraefeyrioa oon ke 0rle5 aKrSdaGenf teieuaoceoshlr ansdooeclhdaaar aea0k,tphstycancsr$iu bns drhl e,tdtft nptirbFnBeetOmmoed p-eeo uieag, i ol ira sgh h5.,,wrhote2b 0 e , ,t 0rusuhcv0vatriMeu. t l ha pta s5broeu eerhfon,teie el,Drau 5ti tvfn stfodaig oaead0 n cresash ohn

ynCdutsotn ee uiou lsler ei o ea hgn an niinss ntbc Tohnbrb sitoKeadyudln ar ureei enpdtseset Bss yiuder dahchalue oedol rc h tfe.rt,lel ot.aohtbwuurtdocmar lenphaalr anh t n hhayt hlh

uar e dn noGin si unha r tmayg t,( ss rirSndoeI dwiicheoteue eh iora easw o nnlm'vsfnwomte " oktsrec o o fs heeam tawaoblgtut wocthpotso gugrsseoaiskee sc t)rafe "hjeoedtg'hhntns to 'fat.nrmwcotu"fstn.l ea in sro ian owhvhcsi hsntle illtitte otgtote t awo,oebedid oo efwoWsudtrsa,"unnc ukeenr nib oos