Oil Price Surge Pushes Mortgage Rates to 6.58 Percent as Geopolitical Conflict Deepens

By Snejana Farberov · Realtor.com · 2026-07-23

Oil Price Surge Pushes Mortgage Rates to 6.58 Percent as Geopolitical Conflict Deepens

Lending costs hit an 11-month high this week as escalating tensions in the Middle East drove Brent crude back above the $100 threshold. According to reporting from Realtor.com, the average 30-year fixed mortgage increased to 6.58%, reflecting a shift in investor sentiment as ener

Lending costs hit an 11-month high this week as escalating tensions in the Middle East drove Brent crude back above the $100 threshold. According to reporting from Realtor.com, the average 30-year fixed mortgage increased to 6.58%, reflecting a shift in investor sentiment as ener