Average US long-term mortgage rate climbs to 6.53%, the highest level in 9 months

Mortgage rates ticked up again — the 30-year average rose to 6.53% (highest in nine months) and the 15-year to 5.87%, though both remain below last year’s peak.
Geopolitical tensions with Iran have pushed oil prices and Treasury yields higher, helping lift mortgage costs; a de‑escalation could quickly ease rates.
The rise in rates is cooling demand and refinancing, but buyers are seeing more listings and softer asking prices in many markets.