Average 30-year fixed mortgage rates ended slightly below Wednesday’s late levels by 3 p.m. ET after lenders opened the day with moderately higher pricing.
Iran peace-process headlines that broke shortly after 1 p.m. ET lifted bond prices enough to erase the day’s losses, prompting lenders to reprice lower.
That intraday drop offered only limited relief, with mortgage rates still hovering near long-term highs despite the late-session improvement.
Markets have repeatedly reversed on similar Iran-war developments, leaving this move looking more like a temporary gift than a confirmed turning point for rate trends.
As Iran peace talks lower mortgage rates, is this a fleeting chance for homebuyers or a sign of lasting relief?
Beyond mortgage rates, how soon could the Iran ceasefire translate into lower prices at the gas pump for consumers?
With markets rallying on a fragile Iran ceasefire, what happens to the global economy if peace talks fail again?