financetom
Economy
financetom
/
Economy
/
US fixed 30-year mortgage rate hits three-month high amid Iran war
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US fixed 30-year mortgage rate hits three-month high amid Iran war
Mar 19, 2026 10:03 AM

WASHINGTON, March 19 (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage surged to a three-month high this week as war in the Middle East stoked inflation fears, dealing a blow to the Trump administration's efforts to make housing more affordable.

The 30-year fixed mortgage rate averaged 6.22%, highest since early December, up from 6.11% last week, mortgage finance agency Freddie Mac said on Thursday. Rising mortgage rates, if sustained, could hamper home sales during the typically busy spring season. 

The benchmark rate fell to 5.98% on the eve of the U.S.-Israeli war with Iran after President Donald Trump ordered Freddie Mac and Fannie Mae to expand purchases of mortgage-backed securities. 

It reversed course as the conflict drove up oil prices and U.S. Treasury yields. Mortgage rates track the benchmark 10-year Treasury yield. Housing affordability has become ⁠an increasingly potent political issue ahead of the November midterm elections.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Aclara Announces Filing and Results of Pre-Feasibility Study for Its Flagship Carina Project
Aclara Announces Filing and Results of Pre-Feasibility Study for Its Flagship Carina Project
Nov 6, 2025
After-tax NPV8 of US$1.1B based on Mineral Reserves TORONTO, ON / ACCESS Newswire ( ACCS ) / November 6, 2025 / Aclara Resources Inc. ( ARAAF ) (Aclara or the Company) is pleased to announce the filing and results of the pre-feasibility study (the PFS) of the Company's flagship asset, the Carina Project (Carina or the Project) based on Mineral...
Trump's Tariffs Face Doubts In Supreme Court: 'Major Questions Doctrine' Looms Large Amid Debate Over President's Emergency Powers
Trump's Tariffs Face Doubts In Supreme Court: 'Major Questions Doctrine' Looms Large Amid Debate Over President's Emergency Powers
Nov 5, 2025
The U.S. Supreme Court raised doubts regarding President Donald Trump’s authority to impose sweeping tariffs using a decades-old emergency powers law. The Use of IEEPA Questioned During oral arguments on Wednesday, both Conservative and Liberal justices on the bench questioned Trump’s use of the International Emergency Economic Powers Act of 1977 to impose broad tariffs across all major U.S. trading...
Layoffs in U.S. for October surge to two-decade high, Challenger data shows
Layoffs in U.S. for October surge to two-decade high, Challenger data shows
Nov 6, 2025
(Reuters) -U.S.-based employers cut more than 150,000 jobs in October, marking the biggest reduction for the month in more than 20 years, a report by Challenger, Gray & Christmas said on Thursday as industries adopt AI-driven changes and intensify cost cuts. The layoffs in October surged 175% from a year ago to 153,074, the global outplacement company said. From the...
US unemployment rate rounds up to 4.4% in October, Chicago Fed estimates
US unemployment rate rounds up to 4.4% in October, Chicago Fed estimates
Nov 6, 2025
(Reuters) -The U.S. jobless rate likely edged up in October to the highest in four years as the hiring rate for unemployed workers slowed and the rate of layoffs and other job separations increased, according to an estimate by the Chicago Fed released Thursday. The regional Fed bank estimated the unemployment rate climbed to 4.36% last month - 4.4% on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved