U.S. Mortgage Rates Rise Above 6% Again, Threatening Spring Homebuying Revival
Freddie Mac reported the average 30-year fixed mortgage rate jumped to 6.11% from 6.00%, the largest weekly rise since April 2025. February existing-home sales increased 1.7% and mortgage applications rose 3.2%. Treasury yields and oil prices climbed after Iranian strikes, reviving inflation concerns. The 15-year fixed rate rose to 5.50% from 5.43%.