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Story summary
- The average U.S. mortgage rate rose to 6% this week, up from 5.98%, as higher bond yields and inflation fears tied to the war in Iran push rates higher.
- The rise ends a three-week decline and remains below last year's 6.63% average.
- The 10-year Treasury yield climbed to 4.14%, reflecting inflation concerns as oil prices surge on supply disruptions.
- Gas prices have risen 26 cents per gallon to $3.25.
