# US 30-year mortgage rate climbs to 6.861% amid war and inflation

2026-08-10T18:46:02+00:00 | World & Diplomacy | Indian Opinion Desk

Corroboration: 1 independent outlet

The average interest rate on a 30-year fixed purchase mortgage in the US rose to 6.861% on Monday, up from 6.823% on Friday, according to Zillow data cited by Hindustan Times. The 30-year refinance rate stands at 6.973%. Rates have been under pressure since the US war in Iran began in late February. When Middle East tensions rise, mortgage rates move higher along with 10-year US Treasury yields. Higher oil prices pushing up inflation are a key factor. July's Consumer Price Index report, due Wednesday, will be closely watched. The Federal Reserve kept rates unchanged at its July meeting, but three policymakers voted for a quarter-point hike. Inflation is above the Fed's 2% target. The July jobs report showed far fewer new jobs than expected, which may reduce pressure for a rate hike. Experts quoted by the outlet do not expect mortgage rates to fall below 6% soon.

## Coverage

- hindustantimes.com <https://www.hindustantimes.com/business/mortgage-rates-today-30-year-rate-falls-to-6-823-as-fed-inflation-and-iran-war-drive-rates-101786375619559.html>
- hindustantimes.com <https://www.hindustantimes.com/business/mortgage-rates-today-30-year-loan-rises-to-6-861-as-inflation-and-war-keep-rates-high-101786461728974.html>

Tags: Federal Reserve, inflation, Iran conflict, Oil prices, US mortgage rates
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