Mortgage rates in the United States have been climbing for four consecutive weeks, causing a significant impact on loan activities.

The mortgage rates in the United States have risen for the fourth consecutive week, reaching their highest level since August, which has impacted refinancing and home loan activities. According to data released by the American Bankers Association on Wednesday, in the week ending March 27, the 30-year mortgage contract rate rose by 14 basis points to 6.57%. Over the past four weeks, the rate has soared by nearly 0.5 percentage points, marking the largest increase since 2024. The association's home mortgage application index has declined for the second consecutive week, while the refinancing application index has once again plummeted by 17.3%. Mortgage rates, tied to US Treasury yields, have significantly increased due to concerns about rising inflation driven by the conflict in Iran.