{"id":614115,"date":"2026-04-29T23:04:10","date_gmt":"2026-04-29T23:04:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/614115\/"},"modified":"2026-04-29T23:04:10","modified_gmt":"2026-04-29T23:04:10","slug":"mortgage-rates-surge-higher-as-us-considers-a-longer-blockade","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/614115\/","title":{"rendered":"Mortgage Rates Surge Higher as US Considers a Longer Blockade"},"content":{"rendered":"<p><a href=\"https:\/\/www.mortgagenewsdaily.com\/mortgage-rates\" rel=\"nofollow noopener\" target=\"_blank\">Mortgage rates<\/a> jumped higher today at the fastest pace in weeks to the highest levels since March 30th. There were two key motivations for the increase, but one accounted for a vast majority of the damage.<\/p>\n<p>News came out overnight that spoke to the possibility of a prolonged blockade of the Strait of Hormuz. Markets took this seriously because it involved conversations with oil executives to assess the the impact of a prolonged blockade on domestic energy markets and fuel prices. Bond yields (which correlate with rates) and oil prices lurched higher again this morning after a White House official reiterated\/corroborated the overnight news.<\/p>\n<p>The supporting actor in today&#8217;s rate drama was the Fed announcement. While the Fed didn&#8217;t hike rates, 3 voters voiced their opposition to the wording of the Fed&#8217;s statement because it tacitly implies the Fed is more inclined to cut rates vs hike them in the near future. Those 3 voters would prefer to indicate that rates could go either way depending on inflation and the economy.<\/p>\n<p>The market took this as a minor negative indication for rates. Measuring in terms of 10-year Treasury yields, more than 80% of today&#8217;s rate spike was in place before the Fed announcement came out.<\/p>\n<p>The average mortgage lender is back to 6.50% for top tier 30-year fixed scenarios, up from 6.38% yesterday. Most lenders made mid-day adjustments to even higher rates as the underlying bond market continued to suffer into the afternoon.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Mortgage rates jumped higher today at the fastest pace in weeks to the highest levels since March 30th.&hellip;\n","protected":false},"author":2,"featured_media":614116,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-614115","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/614115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=614115"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/614115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/614116"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=614115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=614115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=614115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}