Mortgage rates jump sharply higher after Iran strikes, reversing last week’s decline

The average rate on the popular 30-year fixed loan rose 13 basis points to 6.12% on Monday.

Mortgage rates loosely follow the yield on the U.S. 10-year Treasury, which climbed back above 4% following the conflict in Iran.

The rate reversal comes as the spring housing market gets underway.

https://www.cnbc.com/2026/03/02/mortgage-rates-jump-sharply-higher-after-iran-strikes-reversing-last-weeks-decline.html