30-year fixed mortgage rate rises to 6.45% after U.S. blockade stance on Iran

9 articles · Updated · CNBC · Apr 29

The rate climbed seven basis points to its highest since April 3, following President Trump's vow to maintain the U.S. naval blockade against Iran, which pushed oil prices and bond yields higher.
Mortgage applications to buy a home surged 1% last week and are up 21% year-over-year, as buyers adjust to higher rates and increased market supply.
Real estate brokerages report growing buyer traffic despite economic uncertainty from the Iran conflict. The Federal Reserve is not expected to change interest rates at its upcoming meeting.

Iran tensions are raising mortgage rates. Is the housing market's surprising strength about to break?

Why are home purchase applications rising even as mortgage rates surge to a new high?

With oil prices soaring and rates climbing, are we witnessing the return of stagflation?

The Fed is holding steady, but will a global energy crisis force it to change course?

Can the US economy stay stable while a blockade threatens 20% of the world's oil?

Homeowners have record equity. Will this 'equity floor' prevent a housing market crash?