The average top-tier 30-year fixed mortgage rate rose 0.02 percentage point to 6.75% on Tuesday, extending its climb to a third straight day.
Lenders lifted morning quotes to reflect bond-market weakness from Monday that had not been large enough to trigger repricing earlier, creating a delayed pass-through to borrowers.
Bond prices actually improved slightly later Tuesday, but the move was too small for most lenders to cut rates again after issuing their daily offerings.
Current rates sit slightly below the midpoint of the past four weeks, though that four-week span remains near the top of the past year's range.
Over a longer horizon, the past 12 months have been the best stretch for mortgage rates since late 2022, and current levels remain below the midpoint of the past four years.