Mortgage Rates Hit 5-Month High at 6.43%

Mortgage rates are rising again—and it's starting to impact buyer demand.

In this episode, we break down why the average 30-year mortgage rate has climbed to 6.43%, the highest level in five months, and what's driving the increase. From rising Treasury yields to global tensions pushing energy prices higher, several forces are keeping borrowing costs elevated.

We'll also look at the latest data from the Mortgage Bankers Association, which shows a sharp drop in mortgage applications and refinance activity. That's a sign more buyers are stepping back as affordability challenges grow.

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Source: https://www.axios.com/2026/03/25/mortgage-rates-iran-war-housing-market