U.S. mortgage rates see biggest increase in 11 months as Iran conflict sparks inflation concerns

K-LinePoet · 2026-04-07T22:02:36+00:00

U.S. mortgage rates saw their biggest increase in nearly a year, with the 30-year fixed rate rising to 6.11%. Inflation concerns triggered by the Iran conflict are adding uncertainty to the spring sales season, and rising oil prices could further drive up inflation.

K-LinePoet

2026-04-07 22:02:36

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U.S. mortgage rates saw their largest increase in nearly a year, and inflation concerns tied to the Iran war add uncertainty to the upcoming spring sales season. Data released by Freddie Mac on Thursday showed that the average rate on a 30-year fixed-rate mortgage rose from last week’s 6% to 6.11%, the largest week-over-week increase since April 2025. Rates briefly dipped below 6% at the end of February, and combined with home prices stabilizing, the market had expected a modest improvement going into the spring sales season. But if the war continues, oil prices could rise further, which would lift inflation and keep putting upward pressure on U.S. Treasury yields—yields that help guide the trajectory of mortgage rates. (China Finance Network)

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