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55m ago

Mortgage Rates Edge Back to 6.00% After One-Week Foray Into the 5% Range

A jump in Treasury yields following the Iran conflict nudged borrowing costs higher.

In an aerial view, single family homes are seen in the Lake Murray community on January 31, 2026 in San Diego, CA.
A person jogs past single family homes, Tuesday, Feb. 10, 2026, in Nashville, Tenn. (AP Photo/George Walker IV)
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Overview

  • Freddie Mac reports the 30-year fixed averaged 6.00% for the week ending March 5, up from 5.98% a week earlier.
  • Last week’s reading was the first sub-6% average since 2022, a threshold many consider a psychological boost for housing demand.
  • Rates are nearly one percentage point lower than a year ago, lifting buying power by roughly $30,000, according to Zillow’s Kara Ng.
  • Freddie Mac says refinance activity has increased and purchase applications are running ahead of last year’s pace.
  • Economists warn a prolonged Iran conflict could keep energy costs and inflation elevated, pushing bond yields and mortgage rates higher even as January home sales fell 8.4% nationwide.