Public research university with campuses in Tampa, St. Petersburg, and Sarasota
The United States has reached a historic debt level, driven by Iran tensions and tariffs. Higher debt issuance is lifting bond yields, pushing mortgage rates higher and increasing monthly payments. Homebuyers face a slower market as rates stay elevated amid near-record home prices, while employment remains strong and demand could rebound if rates ease.
The U.S. has struck Iranian oil tankers, prompting retaliatory actions from Iran and attacks on a U.S.-linked base in Jordan. Tankers are waiting to transit Hormuz, raising the risk of major oil spills and wider conflict as global shipping faces disruption.