May 27 (Reuters) – The rate on the most popular U.S. residential real estate loan hit a nine-month high last week in another blow to home-ownership affordability, as the Iran war kept oil prices elevated, fueling inflation concerns and pushing up benchmark U.S. Treasury yields.

The average 30-year fixed-rate mortgage rose 9 basis points to 6.65% in the week ended May 22, the Mortgage Bankers Association said on Wednesday. It was last higher in ?August 2025, before the Federal Reserve began ?a series of interest rate cuts to head off further labor market weakening that ?for a time helped bring down 30-year mortgage rates to around 6% before President Donald Trump and Israel launched attacks on Iran in late February.

 

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