By Samantha Delouya, CNN(CNN) — US mortgage rates didn’t stay below 6% for long. The yield on the 10-year Treasury, which mortgage rates closely follow, has climbed since President Donald Trump and Israel launched military strikes in Iran on Saturday. Last week, mortgage rates dipped to 5.98% — the first time they’ve fallen below 6% since 2022 — crossing what some economists describe as a key psychological threshold that could help revive America’s frozen housing market. While the move higher in mortgage rates was relatively small this week, a prolonged conflict in the Middle East could cause a broader bond sell-off. Despite this week’s increase, mortgage rates remain significantly lower than at the start of 2025, when they briefly climbed above 7%.

Source: CNN March 05, 2026 17:56 UTC