Mortgage Rates Climb to Three-Month High, With 30-Year at 6.22%

Mortgage rates rose for a third week, reaching a three-month high as wartime inflation fears drove up yields for the government bonds that guide home loans.

The average for 30-year, fixed loans climbed to 6.22%, the highest since Dec. 11 and up from 6.11% last week, data from Freddie Mac showed Thursday.

Rising rates are dimming hopes for the key spring homebuying season as the conflict with Iran adds fresh uncertainty for house hunters already stretching to afford a purchase. The 30-year average had dipped below 6% in late February for the first time since 2022 before reversing course ...