The average rate on the popular 30-year fixed loan rose 13 basis points to 6.12% on Monday.
Mortgage rates loosely follow the yield on the U.S. 10-year Treasury, which climbed back above 4% following the conflict in Iran.
The rate reversal comes as the spring housing market gets underway.
Mortgage rates jump sharply higher after Iran strikes, reversing last week’s decline
byu/vijay_the_messanger ininvesting
Posted by vijay_the_messanger
1 Comment
Yes, but what about the highly coveted 50 year loan?