Trending Now - Mortgage Rates Climb to Highest Point Since 2026 at 6.11%
WHO:
President Trump
Freddie Mac, mortgage buyer
Hannah Jones, senior economist research analyst at Realtor.com
Jeff DerGurahian, chief investment officer and head economist at loanDepot
Lawrence Yun, chief economist at the National Association of Realtors (NAR)
Lisa Sturtevant, chief economist at BrightMLS
WHAT:
The average rate of a standard, 30-year fixed mortgage was reported at 6.11% in the week ending March 12, 2026, marking the biggest weekly increase since April 2025.
The average rate for 15-year fixed-rate mortgages rose to 5.5% from 5.43% last week; a year ago, it was at 5.8%.
The yield on the 10-year U.S. Treasury note rose to 4.25% on March 12, 2026, up from around 4.13% a week prior.
Existing-home sales rose 1.7% in February 2026.
The average rate of a standard, 30-year fixed mortgage was reported at 6.11% in the week ending March 12, 2026, marking the biggest weekly increase since April 2025.
The yield on the 10-year U.S. Treasury note rose to 4.25% on March 12, 2026, its highest level since early February 2026.
The average mortgage rate is now back to where it was five weeks ago, after touching its lowest level in three and a half years just two weeks prior.
The Mortgage News Daily index was revised up to 6.35% on March 12, 2026, after ending at 6.14% on March 9, 2026.
The average long-term U.S. mortgage rate rose to 6.11% from 6% in the week ending March 12, 2026.
One year ago, the average mortgage rate was 6.65%.
The average rate for 15-year fixed-rate mortgages rose to 5.5% from 5.43% last week; a year ago, it was at 5.8%.
The yield on the 10-year U.S. Treasury note rose to 4.25% on March 12, 2026, up from around 4.13% a week prior.
Existing-home sales rose 1.7% in February 2026.
WHERE:
United States
The Strait of Hormuz (mentioned in context of geopolitical tensions)
WHEN:
The mortgage rate increase was reported on March 12, 2026.
The average mortgage rate was at its lowest level in three and a half years just two weeks prior to March 12, 2026.
The last significant increase in mortgage rates occurred in April 2025.
WHY:
The increase in mortgage rates is attributed to ongoing bond market jitters over the war with Iran.
Rising oil prices are contributing to fears of higher inflation, which could prevent the Federal Reserve from cutting interest rates.
The increase in mortgage rates is attributed to the economic impact of President Trump's war on Iran, which has caused global energy prices to rise and heightened inflation concerns.
Rising oil prices are contributing to fears of higher inflation, which could prevent the Federal Reserve from cutting interest rates.
The increase in mortgage rates is attributed to ongoing bond market jitters over the war with Iran.
Rising oil prices are causing fears of higher inflation, impacting mortgage rates.
The Federal Reserve's interest rate policy decisions influence mortgage rates.
HOW:
Mortgage rates tend to experience heightened volatility when passing through the 6.25% level, leading to larger movements in rates.
Mortgage rates tend to experience heightened volatility when passing through the 6.25% level, leading to larger movements in rates.
Mortgage rates generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.
Investors are reacting to geopolitical tensions and their potential economic impact, leading to fluctuations in bond yields and mortgage rates.
(UPDATED March 13, 2026 13:19 UTC)
The average rate for a standard 30-year fixed mortgage jumped to 6.11% in the week ending March 12, marking the largest weekly increase since April 2025, while the 15-year fixed-rate mortgage rate also rose to 5.5%. This surge in mortgage rates is linked to ongoing bond market concerns related to the war with Iran and rising oil prices, which are fueling inflation fears that may hinder the Federal Reserve from lowering interest rates. Additionally, the yield on the 10-year U.S. Treasury note increased to 4.25%, and existing-home sales saw a 1.7% rise in February.
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(UPDATED March 13, 2026 01:24 UTC)
The average rate of a standard, 30-year fixed mortgage rose to 6.11% in the week ending March 12, marking the biggest weekly increase since April 2025. This comes as the yield on the 10-year U.S. Treasury note also climbed to 4.25%, its highest level since early February, amid rising oil prices and inflation concerns linked to President Trump's war on Iran. As a result, the Mortgage News Daily index was revised up to 6.35%, reflecting the heightened volatility typically seen when mortgage rates cross the 6.25% threshold.
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(UPDATED March 12, 2026 19:20 UTC)
Today, the average long-term U.S. mortgage rate has risen to 6.11%, up from 6% last week, marking a notable shift as it was just 6.65% a year ago. This increase is largely attributed to ongoing bond market jitters related to the war with Iran and rising oil prices, which are raising concerns about inflation. Additionally, the yield on the 10-year U.S. Treasury note climbed to 4.25% today, reflecting the broader economic impact of these geopolitical tensions.