Mortgage rates eased a bit in April, but they’re still above their early 2026 lows. The run-up in rates has left many consumers feeling less than eager to dive into the housing market. The war in Iran sent oil prices soaring in recent weeks. Higher energy prices translate to both higher inflation and rising 10-year Treasury yields. And both of those things exert upward pressure on mortgage rates. More good news is needed to push rates back below 6%. That may be too much to hope for in May. — Stephen Kates Financial Analyst, Bankrate As of April 29, the average 30-year mortgage rate was 6.37%, according to Bankrate’s weekly lender survey .  “Middle East tensions have stabilized, though they have not been fully resolved,” says Stephen Kates, Bankrate’s financial analyst. “The progress so far has helped ease rates, but more good news is needed to push rates back below 6%. That may be too much to hope for in May.…