Matthew Graham, COO of Mortgage News Daily, stated that the increase is not an "explosive" new momentum, but rather a slow push driven by factors such as inflation expectations, high bond issuance, and economic resilience. The rate has risen by 12 basis points since last Thursday and by over 30 basis points in the past two months. Compared to the pre-war level of 5.99% at the end of February, the monthly payment for a $450,000 home would now increase by $207. Furthermore, high interest rates have made it more difficult for borrowers to obtain mortgages, while the 1.5% year-over-year increase in U.S. national home prices in June has further exacerbated homebuying pressure.