Mortgage rates rose to 6.55%, the highest in 11 months, driven by U.S.-Iran tensions impacting energy prices and bond yields. For a median-priced $429,500 home, a 20% down payment results in a $2,183 monthly payment, slightly up from last week but still lower than last year's 6.75% rate. FHA borrowers with 3.5% down pay about $2,633 monthly. Long-term savings remain significant compared to the 7.79% peak in 2023, with buyers saving over $100,000 in interest over 30 years.