Arabic version: أسعار الرهن العقاري تبلغ أعلى مستوى منذ يونيو 2025

According to Cnbc, the average rate on a 30-year fixed mortgage rose 6 basis points Monday to 6.87%, its highest level since June 2025. The rate was 12 basis points higher than Thursday and has increased by more than 30 basis points over the past two months.

Renewed hostilities in the Iran war helped drive oil prices higher, pushing up bond yields that mortgage rates typically follow. Before the war began, at the end of February, the 30-year fixed mortgage rate was 5.99%. Expectations for lower rates this year were disrupted by the conflict and its effect on oil prices.

Matthew Graham, chief operating officer at Mortgage News Daily, said rates had not “exploded with surprising, new momentum,” describing the increase as a slow grind tied to inflation expectations, elevated bond issuance and economic resilience. He said each of those factors could vary in the future.

For a buyer purchasing a $450,000 home with a 20% down payment and a 30-year fixed mortgage, the monthly principal and interest payment at the current rate would be $2,363. That is $207 more per month than it would have been at the end of February. Higher rates can also reduce the number of borrowers who qualify as debt-to-income ratios shift.

The increase comes alongside higher home prices and lean housing supply. National home prices rose 1.5% year over year in June, up from a 1.2% gain in May, according to the latest S&P Cotality Case-Shiller home price index. Rebecca Kaufman of S&P Dow Jones Indices said high financing costs can leave current owners reluctant to give up the lower mortgage rates they secured in earlier years.