Oil Price Spike Linked to Rising Mortgage Rates as of April 30, 2026
Mortgage rates increased due to rising oil prices and geopolitical tensions between the US and Iran, which have raised inflation concerns. The average 30-year fixed-rate mortgage rose to 6.3%, ending a three-week decline. The 10-year Treasury yield has also climbed, influencing mortgage rates.
Topics: inflation mortgage rates oil prices Treasury yields US-Iran tensions