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US 30-Year Mortgage Rate Hits Three-Month High of 6.22%

US 30-year mortgage rates rose to 6.22% this week, the highest since December. Rising oil prices and Treasury yields amid regional conflict fuel inflation.

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The average interest rate for a 30-year fixed mortgage in the United States climbed to a three-month peak this week. This upward movement follows the escalation of hostilities between Israel and Iran, which has triggered widespread concerns regarding inflation and global economic stability.

A drone captures a construction worker at a Shea Homes residential development site in Encinitas, California. REUTERS/Mike Blake/File Photo
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