Top-tier 30-year fixed rates climbed from 6.29%-6.33% last week to about 6.50% on Tuesday and Wednesday before stabilising by Friday.
The steadier finish was linked to headlines that the US and Iran were attempting peace negotiations, helping markets absorb the earlier jump while leaving borrowing costs above last week's levels.
Further progress or setbacks in those talks could drive volatility next week, alongside major economic releases including Friday's US jobs report.
Could a breakthrough in U.S.-Iran talks trigger a sudden drop in mortgage rates, or are other economic forces set to keep them high?
With the Strait of Hormuz still contested, how vulnerable are global supply chains and inflation to renewed conflict or blockades?
As AI reshapes the job market, will new tech-driven roles offset the losses in traditional occupations, or are we facing prolonged unemployment?