The national average 30-year fixed mortgage rate has increased 0.08% to 6.46%, according to data from Freddie Mac. This increase comes as the Middle East continues to escalate, with interest rates rising due to the conflict in Iran and oil prices. Experts from three national mortgage lenders suggest that a softer economy could prevent energy-driven inflation from becoming a persistent problem. They also noted that if the economy softens, it could offset the impact higher oil prices have on mortgage rates. Jeff DerGurahian, chief investment officer and head economist at loanDepot, said that while rates are still elevated, investors are now considering the impact of oil on the economy. However, he warned that one month of encouraging inflation data or a weak jobs report won't necessarily send mortgage rates plummeting back to 6%.