Mortgage rates surge to highest since September, hitting spring housing market
By Diana Olick
Published on March 13, 2026.
Mortgage rates have surged to their highest level since September, driven by the Iran war, reaching 6.41% on Friday. This increase is expected to impact the spring housing market. The rise in rates is seen as a challenge for those who believe in investing in the future. The average rate for the 30-year fixed loan is 6.46%, which is higher than the 6.78% the previous year.
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