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Mortgage rates edge higher as geopolitical tensions lift oil and yields

Zillow forecast calls for rates to ease only gradually to about 6.3% by the end of 2026, rather than dropping.

Reported · Written up by our desk · Mortgages

Zillow Research said mortgage rates are likely to move a bit higher as renewed geopolitical tensions have pushed oil prices and Treasury yields up from last week’s lows.

Zillow’s forecast still suggests a gradual drift down rather than a decline, with rates easing to roughly 6.3% by the end of 2026.

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