US Mortgage Rates Rose to Almost Two-Month High in Latest Week
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Article Excerpt
Article content (Bloomberg) — US mortgage rates increased last week to an almost two-month high, weighing on home purchase activity. Article content The contract rate on a 30-year mortgage rose 10 basis points to 6.56% in the week ended May 15, according to Mortgage Bankers Association data released Wednesday, just shy of the 6.57% reading at the end of March. Since the start of the Iran war at the end of February, the rate was up nearly a half percentage point through the latest week. Article content Article content An index of home-purchase applications fell 4.1%, the most since the week end…
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Jun 3, 2026