Mortgage rates climb: Average rate on a 30-year home loan hits the highest level in over 14 months

Mortgage rates rose for a third straight week — the 30-year fixed averaged 6.76%, the highest in over 14 months.
Higher rates can add hundreds to monthly payments, cutting buyers’ purchasing power and keeping home sales largely flat.
The rise is tied to higher 10‑year Treasury yields amid inflation worries and geopolitical tensions (U.S.-Iran war affecting oil); markets put about a 70% chance the Fed will hike next week.