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.
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.
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.
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After a record-setting week of stability, rates jumped back this week as oil prices spiked and a shockingly weak jobs report hit the wire. Here’s what’s driving it.
Rates hit 5.99% — and then something unusual happened: they stayed there all week. Here’s why that record matters and what it means for borrowers right now.
The Supreme Court ruled against Trump’s IEEPA tariffs — and despite the market volatility that followed, mortgage rates finished the week at their lowest level in over 3 years.
