March hasn’t been a fantastic month for home loan rates and the past 3 days have been particularly bad. Throughout that time, our day-to-day rate index went from 6.09% on Tuesday to 6.41% today– the greatest considering that September 4th, 2025. While that’s definitely not the fastest jump we’ve seen, it’s the worst 3-day stretch since early April, 2025.
Mortgage rates are driven mostly by movement in the bond market. Like several other property classes, bonds have not enjoyed about the Iran war. This is counterintuitive for those who expect bonds to serve as a safe house in times of uncertainty, but when war has a direct influence on inflation expectations, it’s ample to balance out any of the safe house advantage that may otherwise be seen.