Business
Mortgage Rates Rise With Iran Conflict
Mortgage rates have risen since the U.S. and Israel began striking Iran. The conflict has sent Treasury yields higher, which play a key role in setting mortgage rates. The average 30-year fixed mortgage rate reached 6.07%, Bankrate said on Tuesday.
The average rate for a 30-year fixed mortgage in the U.S. had dipped below 6%, for the first time in years, in the days before the conflict started. Freddie Mac will offer a more detailed picture of mortgage rates when it releases data on Thursday. President Trump has been pushing for lower mortgage rates.