Dan Schwartzman

U.S.

mortgage rates increasing last week to the highest since August.

The contract rate on a 30-year mortgage rose nine basis points to 6.65 percent in the week ended May 22nd.

That's according to Mortgage Bankers Association data.

Since the start of the Iran war at the end of February, the rate has climbed more than a half percentage point.

We check markets all day long here at Bloomberg.

Record highs across the board on Wall Street as the Dow finished up a little over a third of a percent.

The S&P 500 ended slightly up, while the Nasdaq closed up close to a tenth of one percent.

The 10-year Treasury yield is at 4.476 percent, while the two-year yield is at 4.032 percent.

That's news when you want it with Bloomberg News Now.

I'm Dan Schwartzman and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Dan Schwartzman.

We check markets all day long here at Bloomberg.

Record highs across the board on Wall Street as the Dow finished up a little over a third of a percent.

The S&P 500 ended slightly up while the Nasdaq closed up close to a tenth of one percent.

The 10-year Treasury yield is at 4.476 percent, while the two-year yield is at 4.032 percent.

President Trump, speaking at a cabinet meeting at the White House, says he is not satisfied with negotiations with Iran and the almost three-month war, clouding expectations for an agreement.

The president also reiterating that nobody would control the Strait of Hormuz.

President Trump also says Iran would not get sanctions relief in exchange for giving up its stockpile of uranium.