
When the Iran war was in its preliminary escalation phase, the preliminary rise in markets took the top-tier 30yr fixed rate to 6.64% for the typical lending institution by March 27th. Rates moved more than 0.30% lower by mid April as peace prospect enhanced.
The 3rd stage of rate motion began in late April and has usually included a dive back up toward 6.5% with the very first 2 days of today week accounting for a move from 6.42% to 6.56%. That matches the highest level seen because March 27th.
Bonds yields (which underlie rates) have followed longer-term oil costs to their highest current levels as Trump said the U.S. is not in a rush to end the war.