Top-tier 30-year fixed mortgage rates stayed flat at 6.68% on Tuesday, halting the latest jump after rising from 6.58% last Thursday.
Friday’s jobs report drove most of that increase, with Monday adding a smaller aftershock before lenders left rates unchanged through Tuesday’s volatility.
Iran-related headlines briefly shook markets — including a report that Iran shot down a U.S. helicopter — and oil prices bounced after Trump said the U.S. must respond, though later comments eased urgency.
Bonds held their ground despite those swings, sparing mortgage lenders from afternoon rate hikes.
Wednesday’s CPI report is now the main risk for rates, with markets largely priced for consensus and any big inflation surprise likely to push borrowing costs sharply higher or lower.