US mortgage rates didn’t stay below 6% for long.
The average 30-year fixed mortgage was 6% for the week ending March 5, according to Freddie Mac – after war with Iran rattles financial markets.
The yield on the 10-year Treasury, which mortgage rates closely follow, has climbed since President Donald Trump and Israel launched military strikes in Iran on Saturday. While US government bonds are typically seen as a safe haven during periods of turmoil, pushing yields lower as investors pile in, this time yields have moved in the opposite direction.
Last week, mortgage rates dipped to 5.98% — the first time they’ve