US fixed 30-year mortgage rate jumps to six-month high as Iran war drags on

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Reuters

Thu, March 26, 2026 astatine 11:17 AM CDT 1 min read

WASHINGTON, March 26 (Reuters) - The mean complaint connected the fashionable U.S. 30-year fixed-rate ‌mortgage has jumped to a six-month ‌high arsenic rising lipid prices from the dragging Middle East warfare fanned ostentation worries, which could measurement connected location income during the typically engaged outpouring season.

The 30-year fixed owe complaint ‌averaged 6.38%, ⁠its highest since aboriginal September and up from 6.22% past week, ⁠mortgage concern bureau Freddie Mac said connected Thursday. The complaint has present accrued for four consecutive weeks, undercutting efforts by the Trump medication ‌to marque lodging much affordable.

It dropped to 5.98% connected the eve of the Iran warfare aft U.S. President Donald Trump ordered Freddie Mac and Fannie Mae to grow ‌purchases of mortgage-backed securities. Oil prices person accrued more than 30% since the struggle started astatine ‌the extremity of February, boosting U.S. Treasury yields.

Mortgage rates way the benchmark 10-year Treasury yield. Housing affordability has go an progressively ‌potent governmental contented up of the November midterm elections.

(Reporting by Lucia Mutikani; Editing by Alexander Smith)

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