Mortgage Rates Spike to 6.12% After Iran Strikes, Erasing Last Week’s Drop
Lead: On Monday, March 2, 2026, U.S. mortgage rates reversed last week’s fall and moved higher after early-week geopolitical shocks. The average 30-year fixed mortgage climbed 13 basis points to 6.12%, according to Mortgage News Daily, undoing a recent low of 5.99% recorded on Feb. 23. Markets linked the move to a rebound in the … Read more