Mortgage rates rise to 6.46%, fifth weekly increase amid bond‑market turmoil
Mortgage rates climbed again this week, rising to a national average of 6.46%, marking the fifth straight week of increases. Analysts say the spike is tied to volatility in the bond market driven by the war in Iran. Rates were just under 6% before the strikes began. The higher borrowing costs are slowing what is normally the busiest stretch of the spring home‑buying season, though experts say the market could still recover if global tensions ease quickly.