# Mortgage Rates Rise Today Amid Iran Conflict Renewed tensions in Iran have impacted mortgage rates in the U.S. - **Source:** [NerdWallet](https://brifing.si/source/47fee75b-2b5e-493d-9ac3-f012b6c37891) - **Published:** 2026-07-14 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/c6c0779d-79e4-460c-8809-934512b835ee ## Increase in Mortgage Rates Today, the average rate on a 30-year fixed mortgage rose to 6.53%, up 7 basis points from yesterday and 11 basis points from last week. The escalation of the conflict in Iran and rising oil prices have directly influenced this uptick in mortgage rates. ## Oil Prices and Mortgage Rates The U.S. decision to reinstate a blockade on Iranian ports and impose a 20% fee on cargo through the Strait of Hormuz has sent oil prices to their highest level in a month. Rising oil prices have contributed to the increase in mortgage rates. ## Inflation and the Fed's Role While the June Consumer Price Index showed signs of easing inflation, new developments in Iran have pushed oil prices up again. The Fed is expected to hold rates steady this month, but four more meetings are scheduled before year-end. ## Should You Consider Refinancing? If your current mortgage rate is around 7.03% or higher, refinancing might be worth considering—provided you plan to stay in your home long enough to cover closing costs. Use NerdWallet's refinance calculator to estimate potential savings. ## Advice for Homebuyers There's no universal 'right time' to buy a home. What matters is whether you can comfortably afford a mortgage at today's rates. Focus on getting preapproved, comparing lender offers, and finding a monthly payment that fits your budget. ## Locking Your Rate If you're satisfied with a lender's offer, consider locking your mortgage rate—especially if they offer a float-down option, which allows you to benefit from lower rates if the market drops during your lock period. ## Sources covering this story - https://www.nerdwallet.com/mortgages/news/mortgage-rates-today-tuesday-july-14-2026 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._