30-Year Mortgage Rates Stabilize at 6.32% Following Geopolitical Volatility
Borrowers purchasing a $400,000 home now face tens of thousands of dollars in additional interest over the life of the loan compared to a month ago. The 30-year fixed mortgage rate has climbed from 5.75% to 6.32% as of April 16, 2026. This increase was driven by a rise in bond yields, which followed an increase in inflation expectations and oil prices. These movements were triggered by geopolitical tensions in the Middle East.
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