- Jun 24, 2025
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The average rate on a 30-year fixed mortgage increased by 7 basis points, reaching 6.75% on Tuesday. This marks the highest level since July 31. According to Mortgage News Daily, rates have seen a notable rise of 33 basis points within the past 10 days, and are now 46 basis points higher than the recent low of 6.29% recorded in April.
This increase in mortgage rates can be linked to the growing concerns regarding the ongoing conflict in Iran, which has led to rising bond yields. The spike in rates began earlier this year when the 30-year fixed mortgage rate surged from 5.99% at the beginning ...
Continue reading the full news article: Mortgage Rates Surge to Highest Level Since July
This increase in mortgage rates can be linked to the growing concerns regarding the ongoing conflict in Iran, which has led to rising bond yields. The spike in rates began earlier this year when the 30-year fixed mortgage rate surged from 5.99% at the beginning ...
Continue reading the full news article: Mortgage Rates Surge to Highest Level Since July