Mortgage rates in the US have risen to 6.57%, the highest level since August, driven by concerns over inflation amid the Iran conflict. The increase is impacting refinancing and home purchase activity.
- US 30-year mortgage rates reached 6.57%, a seven-month high as of March 27, 2026.
- The rate increased by 14 basis points in the week ending March 27, marking a four-week upward trend.
- The four-week increase of nearly half a percentage point is the largest since 2024.
- Rising rates are driven by inflation concerns linked to the conflict in Iran.
- Higher mortgage rates are expected to reduce refinancing and home purchase activity.
- The real estate and construction sectors are likely to be affected by the rate increase.
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