Mortgage Rates Today, Tuesday, March 24: Slightly Higher
Mortgage rates are up a little today as the war in Iran continues to rattle global markets.
» Read more about: Mortgage Rates Today, Tuesday, March 24: Slightly Higher »
Mortgage rates are up a little today as the war in Iran continues to rattle global markets.
» Read more about: Mortgage Rates Today, Tuesday, March 24: Slightly Higher »
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There’s been pressure on the Federal Reserve to cut interest rates and ease borrowing costs for cash-strapped consumers since last year. But when the Fed met in mid-March for its policy meeting, it didn’t budge. Rather, it held its benchmark interest rate steady.
President Donald Trump has spent months aggressively pushing Federal Reserve Chairman Jerome Powell to cut interest rates. But 21 days into the war in Iran — with no end in sight — the bond market is starting to scream what Trump would never have expected to hear.
U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.
At 6:44 a.m. ET, Dow E-minis were down 45 points,
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Income investors have been in a tough spot for several years. Those relying on bonds had been saddled with minimal yields for years coming out of the financial crisis. During the 2022 inflation scare, soaring rates resulted in significant capital losses on many longer-term notes.
Over the past 10 years, the iShares 20+ Year Treasury Bond ETF has lost 11%.
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In some months, mortgage interest rates stay steady and remain relatively unchanged from the start of the month until the end.
» Read more about: What are today's mortgage interest rates: March 24, 2026? »
On Saturday, Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber, said market selling pressure is starting to build, arguing it has become difficult to stay optimistic while inflation remains stubborn. He also warned that persistent price increases can be a headwind for both equities and fixed income.