{"id":4966,"date":"2026-03-25T21:38:32","date_gmt":"2026-03-25T21:38:32","guid":{"rendered":"https:\/\/ft365.org\/index.php\/2026\/03\/25\/mortgage-rates-spike-as-iran-conflict-drags-on-bankrate\/"},"modified":"2026-03-25T21:38:32","modified_gmt":"2026-03-25T21:38:32","slug":"mortgage-rates-spike-as-iran-conflict-drags-on-bankrate","status":"publish","type":"post","link":"https:\/\/ft365.org\/index.php\/2026\/03\/25\/mortgage-rates-spike-as-iran-conflict-drags-on-bankrate\/","title":{"rendered":"Mortgage Rates Spike As Iran Conflict Drags On | Bankrate"},"content":{"rendered":"
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Mortgage rates moved up once again this week, with the 30-year fixed rate averaging 6.44%, up from 6.27% last week, according to Bankrate\u2019s latest lender survey. <\/p>\n<\/p><\/div>\n

Current mortgage rates<\/h2>\n
\n\n\n\n\n\n\n\n
Loan type<\/th>\nCurrent<\/th>\n4 weeks ago<\/th>\nOne year ago<\/th>\n52-week average<\/th>\n52-week low<\/th>\n<\/tr>\n<\/thead>\n
30-year<\/td>\n6.44%<\/td>\n6.10%<\/td>\n6.78%<\/td>\n6.50%<\/td>\n6.09%<\/td>\n<\/tr>\n
15-year<\/td>\n5.74%<\/td>\n5.45%<\/td>\n5.98%<\/td>\n5.73%<\/td>\n5.45%<\/td>\n<\/tr>\n
30-year jumbo<\/td>\n6.51%<\/td>\n6.22%<\/td>\n6.86%<\/td>\n6.57%<\/td>\n6.22%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The 30-year fixed mortgages in this week\u2019s survey had an average total of 0.35 discount and origination points. Discount points are a way to lower your mortgage rate, while origination points are fees lenders charge to create, review and process your loan.<\/p>\n

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Shop smarter for mortgage rates <\/h3>\n

Bankrate connects you to the latest lender offers, tailored to you. Find your low rate today.<\/p>\n

Explore mortgage rates <\/p>\n<\/div><\/div>\n

Monthly mortgage payment at today\u2019s rates<\/h2>\n

The national median family income for 2025 was $104,200, according to the U.S. Department of Housing and Urban Development (the 2026 estimate has yet to be released), and the median price of an existing home sold in February 2026 was $398,000, according to the National Association of Realtors. Based on a 20% down payment and a 6.44% mortgage rate, the monthly principal and interest payment of $2,000 amounts to about 23% of the typical family\u2019s monthly income.<\/p>\n

Meanwhile, home prices have begun to dip in many formerly hot markets. Half of the nation\u2019s 50 largest metro areas exprienced price declines over the past year, Zillow reported in early February. Seperately, the S&P Cotality Case-Shiller index released Feb. 24 showed national home prices grew just 1.3% in 2025. That was the weakest showing since 2011, when prices fell 3.9%. <\/p>\n

\u201cWith more housing inventory coming online and home prices starting to level off, this remains a promising environment for those looking to buy,\u201d says Samir Dedhia, CEO of One Real Mortgage.\u00a0\u00a0<\/p>\n

What will happen to mortgage rates in the rest of 2026?<\/h2>\n

As expected, the Federal Reserve opted to hold its benchmark rate steady at its meeting on March 18. The Fed also released its latest summary of economic projections, indicating one more rate cut by the end of the year. However, rising inflation could change things. Oil prices have spiked as the conflict in Iran has continued, and that has pushed mortgage rates up to their highest level since September 2025.<\/p>\n

\u201cIf oil stays elevated long enough, it starts to create more real inflation concerns,\u201d says Jeff DerGurahian, head economist at loanDepot. \u201cThis has now put rate hikes back in the picture over the Federal Reserve\u2019s next four meetings, which is obviously a very different conversation from before.\u201d<\/p>\n