Mortgage Rates Dip Amid Iran Deal

Mortgage rates dipped slightly this week to 6.47%—a welcome drop from last week’s 6.52% and a significant fall from a year ago’s 6.81%. The easing is tied to a tentative Iran peace deal calming global markets, which lowered Treasury yields and, by extension, borrowing costs for homebuyers. After a volatile stretch driven by Middle East tensions and inflation, the Fed held rates steady but hinted at possible hikes later this year, adding uncertainty. While rates remain higher than pre-pandemic levels and home sales remain sluggish, pending sales showed encouraging signs of rebound—suggesting the housing market may gain momentum as summer approaches. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/cd557eb4de7f6e77