Mortgage rates inched up this week due to US-Europe tensions. The average 30-year rate rose to 6.09% and the 15-year rate to 5.44%. Trump’s tariff threats caused a temporary spike to 6.2%, but rates may dip after NATO deal framework. Mortgage News Daily data showed minimal change at 6.19%.

Realtor.com economist Anthony Smith attributed the rate increase to trade policy uncertainty. Trump’s tariff threats led to selling pressure in Treasuries, pushing yields up. However, rates may decrease following Trump’s agreement with NATO, which lowered the 10-year Treasury yield.

Mortgage lender rates hovered around 6.19% midweek, with minimal change since Tuesday. Market fluctuations can cause stress, but Ohio-based mortgage expert Kyle McCort advises clients to remain calm and focus on what they can control. Claire Boston covers housing, mortgages, and home insurance for Yahoo Finance.

Read more at Yahoo Finance: Mortgage rates edged up slightly this week amid market swings