{"id":4641,"date":"2026-06-27T18:02:56","date_gmt":"2026-06-27T18:02:56","guid":{"rendered":"https:\/\/tampamovingjournal.com\/?p=4641"},"modified":"2026-06-27T18:02:56","modified_gmt":"2026-06-27T18:02:56","slug":"mortgage-rates-edge-higher-amid-iran-tensions-inflation-uncertainty","status":"publish","type":"post","link":"https:\/\/tampamovingjournal.com\/?p=4641","title":{"rendered":"Mortgage rates edge higher amid Iran tensions, inflation uncertainty"},"content":{"rendered":"<div><div><div>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-4640\" height=\"432\" src=\"https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/06\/e35f4b3a5339ff66f28967b7a7135639.webp\" width=\"764\" srcset=\"https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/06\/e35f4b3a5339ff66f28967b7a7135639.webp 764w, https:\/\/tampamovingjournal.com\/wp-content\/uploads\/2026\/06\/e35f4b3a5339ff66f28967b7a7135639-300x170.webp 300w\" sizes=\"auto, (max-width: 764px) 100vw, 764px\" \/><\/figure>\n <span>article<\/span><\/div> <div><div><p><span>A &#8216;For Sale&#8217; sign is posted outside a single family home on August 22, 2025 in Pasadena, California. (Photo by Mario Tama\/Getty Images)<\/span> <!-- --><\/p><p>Read more <a href=\"https:\/\/tampamovingjournal.com\/?p=4638\">\u2018Strawberry Moon\u2019: Here\u2019s when to look up to see June\u2019s full moon<\/a><\/p> <!-- --><\/div><\/div> <!-- --><\/div> <!-- --> <!-- --><p>Mortgage rates moved slightly higher this week but remained largely stable, according to Freddie Mac&#8217;s latest Primary Mortgage Market Survey released Thursday.<\/p> <p>By the numbers:<\/p> <!-- --><p>The average rate on the benchmark 30-year fixed mortgage increased to 6.49%, up from 6.47% last week. Two weeks ago, the average stood at 6.52%. At the same time last year, the 30-year fixed-rate mortgage averaged 6.77%.<\/p> <!-- --><div><\/div> <!-- --><p><strong>RELATED: <\/strong><strong><u>These states have the most million-dollar &#8216;starter homes&#8217;<\/u><\/strong><\/p> <!-- --><p>What they&#8217;re saying:<\/p> <!-- --><p>&#8220;The average 30-year fixed mortgage rate was little changed this week at 6.49%,&#8221; said Sam Khater, chief economist at Freddie Mac.<\/p> <!-- --><p>&#8220;Rates have remained relatively stable over the last six weeks. Meanwhile, purchase activity eased modestly and eased modestly and refinance activity has continued to pick up recently, reflecting borrowers&#8217; responsiveness to current rate levels,&#8221; Khater added.<\/p> <!-- --><div> <iframe allowfullscreen=\"allowfullscreen\" data-v-57eb5ac0=\"\" frameborder=\"0\" scrolling=\"no\" src=\"https:\/\/e.infogram.com\/e0f3a1ce-fd49-482c-bfbb-ebd6f44ae22b?src=embed\" title=\"\" width=\"100%\"><\/iframe> <!-- --><\/div> <!-- --><p>Big picture view:<\/p> <!-- --><p>Borrowing costs on shorter-term loans also increased modestly. The average rate on a 15-year fixed mortgage rose to 5.84% this week from 5.81% last week, though it remained below the 5.89% average recorded a year earlier.<\/p> <!-- --><p>Mortgage rates are influenced by a range of economic factors, including Federal Reserve policy expectations and geopolitical developments. While mortgage rates are not directly tied to the Fed&#8217;s benchmark interest rate, they closely follow movements in the 10-year Treasury yield, which hovered around 4.4% on Thursday afternoon.<\/p><p>Read more <a href=\"https:\/\/tampamovingjournal.com\/?p=4635\">One dead, another critical after bicycle and scooter head-on collision<\/a><\/p> <!-- --><p><strong>RELATED: <\/strong><strong>Mortgage rates drop to lowest level in more than a month as Iran deal progresses<\/strong><\/p> <!-- --><p>Dig deeper:<\/p> <!-- --><p>The latest mortgage survey follows last week&#8217;s Federal Reserve decision to leave its benchmark interest rate unchanged at a range of 3.5% to 3.75%. Policymakers opted to hold rates steady as inflation remained stubbornly elevated, driven in part by higher oil prices stemming from the Iran war&#8217;s impact on global supplies.<\/p> <!-- --><p>The decision marked the first policy meeting under newly appointed Federal Reserve Chair Kevin Warsh. Officials voted unanimously to keep rates unchanged, while the Fed&#8217;s updated &#8220;dot plot&#8221; showed that nine of the 17 members of the Federal Open Market Committee expect at least one interest rate hike before the end of the year.<\/p> <!-- --><p>Fresh inflation data released Thursday reinforced the Fed&#8217;s cautious stance. The Commerce Department reported that the personal consumption expenditures (PCE) price index\u2014the central bank&#8217;s preferred inflation measure\u2014rose 4.1% over the past year, while the core PCE index, which excludes food and energy prices, increased 3.4%.<\/p> <!-- --><p>Both inflation measures remain well above the Fed&#8217;s long-run 2% target, reducing investors&#8217; expectations for interest rate cuts this year.<\/p> <!-- --><p>What&#8217;s next:<\/p> <!-- --><p>According to the CME FedWatch Tool, markets currently view the Fed holding rates steady through year-end as the most likely outcome. The tool also indicates investors now see a greater chance of one or more rate hikes before the end of the year than a rate cut.<\/p><p>Read more <a href=\"https:\/\/tampamovingjournal.com\/?p=4632\">Death investigation underway in Wimauma: HCSO<\/a><\/p> <!-- --> <!-- --> <!-- --> <\/div>","protected":false},"excerpt":{"rendered":"<p>Mortgage rates edged slightly higher this week, with the average 30-year fixed loan rising to 6.49%, according to Freddie Mac, while remaining relatively stable over the past six weeks.<\/p>\n","protected":false},"author":1,"featured_media":4639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129,196],"tags":[131,198],"class_list":["post-4641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-house-and-home","category-real-estate","tag-house-and-home","tag-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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