Mortgage Rates Surge to Highest Level Since July

May 19, 2026

CNBC, May 19 2026-Diana Olick

Growing concern over the trajectory of the Iran war has bond yields rising and mortgage rates following suit.

The average rate on the 30-year fixed loan rose 7 basis points Tuesday to 6.75%, according to Mortgage News Daily. That is the highest level since July 31. Rates are now up 33 basis points in just the past 10 days and are 46 basis points higher than their recent April low of 6.29%.

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