US 30-Year Mortgage Rate Rises to 6.52% as Iran War Keeps Bond Yields Elevated
Updated
Updated · abcnews.com · Jun 11
US 30-Year Mortgage Rate Rises to 6.52% as Iran War Keeps Bond Yields Elevated
3 articles · Updated · abcnews.com · Jun 11
Summary
Freddie Mac said the average 30-year fixed mortgage rate rose to 6.52% this week from 6.48%, leaving it just below its 2026 high.
The increase tracks higher long-term Treasury yields as the US-Iran conflict pushes oil prices up, stoking inflation fears and keeping bond investors demanding higher returns.
The 10-year Treasury yield climbed to 4.53% Thursday from 4.47% a week earlier and 3.97% in late February, before the war began.
Even with the latest uptick, the mortgage rate remains below 6.84% a year ago, though higher borrowing costs can add hundreds of dollars a month and weaken homebuyers' purchasing power.