Mortgage rates climbed noticeably this week, driven by Iran war developments and Fed commentary, before finding a ceiling as peace deal prospects improved by week’s end.
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Category Archives: Housing News
Mortgage rates held inside a razor-thin 0.04% range all week as markets waited on ceasefire developments and a Fed meeting where no rate move is expected.
Mortgage rates closed the week at their lowest levels in over a month, but fell less than bond market signals suggested — with rate direction heading into the week ahead still driven by geopolitical factors, particularly the Iran war and the Strait of Hormuz.
Fannie Mae just changed how condos are financed. Smaller buildings got easier. Reserve requirements got stricter. Here’s what matters before it hits one of your listings or buyers — plus a script for calling condo sellers who’ve been on the fence.
April brought calmer conditions for mortgage rates compared to March’s steep climb, with the average lender ending the week slightly lower. The Iran war continues to be the primary market driver through its impact on oil prices and inflation expectations.
Mortgage rates pulled back from March highs this week, declining roughly 0.23% from their peak, as geopolitical tensions eased and stronger-than-expected jobs data supported bond markets. Rates remain elevated compared to late February, but the week offered cautious optimism.
Rates moved from 5.875% to 6.50% in March. My read: supply shock, not structural change. Plus — a first-time buyer win, why brokers beat banks, self-employed lending options, and a field report from Oahu with kids.
Mortgage rates climbed above 6.6% this week as the Iran conflict fuels inflation expectations, pushing markets to price out any Fed rate cuts through September.
Mortgage rates climbed above 6.5% as the bond market entered a new regime driven by the Iran War, rising inflation expectations, and the possibility of Fed rate hikes rather than cuts.
February ended with 30-year fixed rates at their lowest in over 3 years. Two weeks later, rates surged to 7-month highs driven by geopolitical conflict and oil price volatility — here’s what it means for the market.