India, July 1 -- The US mortgage refinance rates have been released. The current estimated mortgage rates are 6.54 percent for a 30-year term, 6.25 percent for a 20-year term, 5.79 percent for a 15-year term, and 5.83 percent for a 10-year term.

The ongoing U.S.-Israeli conflict with Iran has led to an increase in oil prices, which in turn has contributed to rising inflation and mortgage rates.

According to data from the mortgage finance agency Freddie Mac, the average rate for the widely used 30-year fixed-rate mortgage has risen by approximately 50 basis points since the onset of the conflict at the end of February. Last week, this rate averaged 6.49 percent. Additionally, spending on multi-family housing units, which represent a mino...