Middle East Tensions Erase Recent Gains as Mortgage Rates Hit 6.55%

By Snejana Farberov · Realtor.com · 2026-07-16

Middle East Tensions Erase Recent Gains as Mortgage Rates Hit 6.55%

According to reporting from Realtor.com, the 30-year fixed-rate mortgage surged to its highest point in nearly a year this week, fueled by escalating military hostilities between the United States and Iran. While cooling domestic inflation figures initially suggested a reprieve f

According to reporting from Realtor.com, the 30-year fixed-rate mortgage surged to its highest point in nearly a year this week, fueled by escalating military hostilities between the United States and Iran. While cooling domestic inflation figures initially suggested a reprieve f