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30-Year Mortgage Hits 6.52% as Iran War Holds Rates

6/13/2026

Summary

War Hikes Rates

The average 30-year fixed mortgage rate rose to 6.52% in early June, linked to the Iran war.
Rates briefly fell below 6% before the conflict, though economists had forecast 6.0-6.30% by year-end.
Realtor.com senior economist Joel Berner said the war is holding rates hostage and pausing the housing rebound.
Lenders are offering loan options that lower rates as home sales modestly rise from 2025 lows and buyers stay interested.

Summary

Mortgage Demand Rises

Mortgage applications rose 10.8% week-over-week, indicating renewed buyer interest despite higher rates.
The U.S. added 172,000 jobs in May and unemployment held at 4.3%, showing labor-market strength that may limit near-term Fed cuts.
Consumer-price inflation rose 4.2% year-over-year in May, with core CPI up 2.9%, the highest since April 2023.
The 10-year Treasury yield hit 4.53% in midday trading Thursday, up from 4.47% a week earlier, influencing mortgage pricing.

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War Hikes Rates

The average 30-year fixed mortgage rate rose to 6.52% in early June, linked to the Iran war.
Rates briefly fell below 6% before the conflict, though economists had forecast 6.0-6.30% by year-end.
Realtor.com senior economist Joel Berner said the war is holding rates hostage and pausing the housing rebound.
Lenders are offering loan options that lower rates as home sales modestly rise from 2025 lows and buyers stay interested.

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