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At close · Sat, Aug 29, 2026
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Bonds & Rates

Home›Bonds & Rates›Inflation›Mortgage rates hit highest level since June 2025 amid…

Mortgage rates hit highest level since June 2025 amid oil-price jump

The reversal comes as expectations for lower rates this year were undercut by renewed attacks in the Middle East that lifted oil prices, according to CNBC.

Reported · Written up by our desk · Inflation

Mortgage rates climbed to the highest level since June 2025 as investors priced in higher interest-rate risks tied to a rise in oil prices, CNBC World reports.

CNBC Real Estate adds that market expectations for rates to fall this year were disrupted by developments linked to the war with Iran, which helped push energy prices higher.

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Sources

CNBC WorldMortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up
CNBC Real EstateMortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up

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