The 30-year mortgage rate hits 6.58%, its highest in nearly a year. Fed pause in next three meetings at 37.5% YES.

Rates have risen for two consecutive weeks and have been hovering around the 6.5 percent level since mid-May.

US 10-year and 30-year Treasury yields hit two-month highs, with a Fed pause in the next three decisions at 55.5% YES.