Eight straight business days of flat or falling mortgage rates have left this week set to finish meaningfully below last Friday’s levels, with Friday adding only a modest further decline.
That run follows Thursday’s drop to 6.59% for top-tier 30-year fixed loans, a two-week low driven by bond-market gains tied to U.S.-Iran peace-deal news and softer inflation data.
The streak is notable because stretches of more than 10 business days without any rate increase are rare, suggesting a pause early next week would not be unusual.
Iran remains the main swing factor: an official end to the war could open room for further rate declines, while renewed hostilities could push rates back toward their recent higher range.