US Fixed 30-Year Mortgage Rate Rises to 6.46% Amid Iran War
Purchase and refinance applications fell as bond market volatility tied to the Iran conflict pushed borrowing costs higher, Freddie Mac said.
- Average 30-year fixed mortgage rates climbed for the fifth consecutive week to 6.46% from 6.38%, Freddie Mac reported Thursday, as the conflict in Iran continues to weigh on markets.
- Mortgage rates track the 10-year Treasury yield, which remains volatile as investors weigh whether higher oil prices will reignite inflation; gas prices above $4 intensify uncertainty for Traders.
- Purchase applications fell 3% last week while refinance applications dropped 17%, according to the Mortgage Bankers Association, as borrowing costs forced buyers to reconsider their plans.
- At Harvard University on Monday, Fed Chair Jerome Powell signaled the central bank may hold rates steady while assessing the war-driven energy shock and its economic fallout.
- Zillow Home Loans economist Kara Ng warned the rate increase could stall spring homebuying if the conflict persists, while Freddie Mac's Sam Khater advised buyers to shop around for savings.
35 Articles
35 Articles
Mortgage rates hit highest level since September as Iran war rattles financial markets
A ”For Sale” sign is outside a residential home in Oro Valley, Ariz., Dec.12, 2025. (Michael Yanow/NurPhoto via Getty Images) (NEW YORK) — Mortgage rates have climbed to their highest level since September as fallout from the Iran war ripples through financial markets, Freddie Mac data on Thursday showed. The average interest rate for a 30-year fixed-rate mortgage jumped to 6.46%, continuing a weeks-long surge since the war began on Feb. 28, dur…
By Samantha Delouya, CNN Average mortgage rates in the U.S. went up again for the fifth consecutive week, making home purchases more expensive than just a few weeks ago, before the start of the war with Iran. The average rate of fixed-rate mortgages to 30 years rose to 6.46 percent this week, compared to 6.38 percent last week, according to Freddie Mac. The increase may be bad news for those who expect to buy home this spring, which is usually t…
Mortgage rates rise for fifth straight week as Iran war continues to roil markets
Mortgage rates rose this week as the conflict in Iran continues to weigh on markets, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.46% from last week's reading of 6.38%. The average rate on a 30-year loan was 6.64% a year ago."With spring homebuying season in full swing, aspiring buyers should remember t…
Mortgage rates spike near seven-month high on oil prices and Iran war disruptions
The rate for long-term mortgages reached 6.46% this week, up from 6.38% the week before and hitting a new high for at least the last six months.The last time the average rate was higher came in September of 2025, when it sat at 6.5%. The current rate is down year over year, from 6.64%.Earlier this year, rates were at their lowest point since 2022. But economic disruptions from the war in Iran have boosted oil prices, raised concerns over inflati…
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