Mortgage rates may keep rising, even though the Federal Reserve made no changes at its July meeting. Related Mortgage rates keep climbing as war against Iran continuesBut U.S. News & World Report posted an even higher average interest rate on a 30-year mortgage, 6.863%, citing data from the online real estate marketplace Zillow and suggesting rates likely will “stay relatively elevated over the next few years.” Because mortgage rates are tied to long-term U.S. bond yields that jumped on the news, “a Fed hold is not a mortgage-rate reprieve,” Andres said. The daily index posted by Mortgage News Daily had rates heading up after Wednesday’s Fed announcement before dipping by 0.01 percentage points to 6.77% by midday Thursday. “It may take either another lower-than-expected inflation reading or an uptick in jobless claims before mortgage rates can break below their current range,” Jeff DerGurahian, LoanDepot’s chief investment officer and head economist, told CNBC.