Mortgage Rates Rise for Third Day as Oil Prices Push Yields Up
Mortgage rates increased for a third consecutive day on September 1, 2026, following fresh military strikes in the Middle East that lifted oil prices and pushed the 10-year Treasury yield to 4.79%. Rising energy costs are expected to keep inflation expectations elevated, sustaining upward pressure on mortgage rates.
EXPANDED:
The latest uptick follows three consecutive days of increases, driven by geopolitical tensions that boosted oil prices and lifted the 10-year Treasury yield to 4.79%. Upcoming economic data, including the ISM Manufacturing Index and remarks from Fed Vice Chair Michael Barr, could influence further movement. Current averages show the 30-year fixed at 6.802%, the 15-year at 6.171%, and the 5/1 ARM at 6.375%.
Historical context shows the