Mortgage Rates Up 60 Basis Points Since US-Iran Conflict Began

The MBA 30-year mortgage rate has risen 60 basis points since the US-Iran conflict began, per Trading Economics, reaching 6.55% — a 2026 high — in the week ending July 17, MarketWatch reported. Geopolitical risk normally pushes investors into Treasuries, lowering yields. This time, inflation and supply concerns are overpowering that bid, pushing the 10-year Treasury to 4.633% and dragging mortgage rates higher with it.