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International Business Times

Renz Soliman

Mortgage Rates Jump Back Above 6% After Iran Strikes Push Oil Prices and Treasury Yields Higher

Oil Iran United States Inflation

Mortgage rates climbed back above 6% as Iran’s strikes lifted oil prices and Treasury yields, reversing last week’s decline and adding fresh pressure on U.S. homebuyers.

Mortgage rates in the U.S. jumped back above 6% this week as Iran's strikes in the Middle East sent oil prices and Treasury yields higher, wiping out last week's modest decline in borrowing costs for homebuyers.

The average 30-year fixed mortgage rate, which had drifted close to the 6% threshold, is now back above that level after global markets reacted to renewed conflict involving Iran.

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We Got This Covered

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Families of 9/11 victims await key ruling in New York as truther conference is held nearby

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