Anonymous21 days ago
Mortgage rates have spiked to their highest levels of 2026, with the 30-year fixed rate climbing to 6.11% as of March 12, erasing gains from a brief dip below 6% in late February. The surge is driven by a confluence of factors including the U.S.-Iran conflict that sent oil prices from $71 to nearly $95 per barrel in just over a week, reigniting inflation fears and pushing 10-year Treasury yields above 4.21%. With the Federal Reserve expected to hold rates steady at its March 17-18 meeting and the spring homebuying season approaching, prospective buyers face an increasingly uncertain affordability landscape.