Mortgage Rates Tick Down After Iran Peace Deal as Homebuyers Stay on Sidelines
Updated
Updated · The Herald Bulletin · Jun 24
Mortgage Rates Tick Down After Iran Peace Deal as Homebuyers Stay on Sidelines
1 articles · Updated · The Herald Bulletin · Jun 24
Summary
Anderson real estate agents said mortgage rates have eased from conflict-era highs after a tentative peace agreement to end the war with Iran helped steady broader interest rates.
That relief has not revived demand: prospective homeowners are still holding back, leaving the local housing market cautious despite lower borrowing costs.
The shift shows geopolitical tensions had fed into housing through higher rates, and that a modest pullback alone may be insufficient to bring buyers back quickly.