06 Mar, 2026

US mortgage rates may have hit bottom as war with Iran pushes up bond yields

The benchmark US mortgage rate's dip below 6% was short-lived as the war with Iran pushed up US government bond yields, boosted economic uncertainty, and further muddled the Federal Reserve's path towards interest rate cuts.

At the end of February, the 30-year fixed rate mortgage average fell to 5.98%, down ...[end of article preview]