Late last week, the U.S. housing market appeared to be on solid footing going into March, but a wrench was unexpectedly thrown into the works when the U.S. and Israel launched a military strike against Iran over the weekend.

Mortgage News Daily reported Monday that 30-year fixed rates jumped 13 basis points (bps) from Friday, averaging 6.12%. While that number was down 62 bps from the same time last year, it’s also reflective of the 10-year Treasury yield moving higher this week after military action. As of this writing, MND has the 30-year rate at 6.15%. MND data is details ⇒

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