\n<\/p>\n
\n US mortgage rates didn\u2019t stay below 6% for long.\n <\/p>\n
\n The average 30-year fixed mortgage was 6% for the week ending March 5, according to Freddie Mac \u2013 after war with Iran rattles financial markets.\n <\/p>\n
\n The yield on the 10-year Treasury, which mortgage rates closely follow, has climbed since President Donald Trump and Israel launched military strikes in Iran on Saturday. While US government bonds are typically seen as a safe haven during periods of turmoil, pushing yields lower as investors pile in, this time yields have moved in the opposite direction.\n <\/p>\n
\n Last week, mortgage rates dipped to 5.98%<\/a> \u2014 the first time they\u2019ve fallen below 6% since 2022 \u2014 crossing what some economists describe as a key psychological threshold that could help revive America\u2019s frozen housing market.\n <\/p>\n \n While the move higher in mortgage rates was relatively small this week, a prolonged conflict in the Middle East could cause a broader bond sell-off. Combined with sustained inflation pressure from rising oil prices, that could disrupt the recent downward trend in mortgage rates.\n <\/p>\n \n Despite this week\u2019s increase, mortgage rates remain significantly lower than at the start of 2025, when they briefly climbed above 7%.\n <\/p>\n \n Many homeowners who locked in ultra-low borrowing costs during the early years of the pandemic have been reluctant to sell and take on significantly higher rates, limiting the number of homes for sale and keeping prices elevated. Some experts had said a mortgage rate starting with a \u201c5\u201d could begin to ease the so-called lock-in effect and coax more sellers into the market.\n <\/p>\n \n \u201cMortgage rates briefly fell below 6% before an oil shock reversed them. Even so, affordability gains over the past year remain largely intact. Buying power is up about $30,000<\/a> compared to this time last year, as mortgage rates fell from the high 6% range to the low 6% range,\u201d said Zillow senior economist Kara Ng. \u201cHouseholds that did not buy or refinance a home during the mortgage rate dip might have missed a flash sale, but can still buy at a discount.\u201d\n <\/p>\n \n But lower rates haven\u2019t yet translated into a hotter housing market. The National Association of Realtors reported that home sales fell 8.4% in January \u2013 and that home sales decreased in all regions of the US.\n <\/p>\n \n Despite the sluggish pace of sales, home prices have kept climbing. NAR also reported that median existing home sales price rose for the 31st consecutive month in January.\n <\/p>\n<\/p><\/div>\n US mortgage rates didn\u2019t stay below 6% for long. The average 30-year fixed mortgage was 6% for the week ending March 5, according to Freddie Mac \u2013 after war with Iran rattles financial markets. The yield on the 10-year Treasury, which mortgage rates closely follow, has climbed since President Donald Trump and Israel launched military … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":22838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-22837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.jubi24.com\/wp-content\/uploads\/2026\/03\/Mortgage-rates-hit-6-as-Iran-war-spooks-bond-market.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/22837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22837"}],"version-history":[{"count":1,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/22837\/revisions"}],"predecessor-version":[{"id":22839,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/22837\/revisions\/22839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/media\/22838"}],"wp:attachment":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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