Average lenders initially offered slightly lower rates after overnight bond-market gains tied to a US peace framework sent to Iran.
Just before noon, market moves intensified enough to trigger mid-day repricing, prompting most lenders to withdraw those offers and raise rates.
Lenders typically prefer setting rates once daily, but sharp bond-market swings can force revisions, leaving borrowers with no net improvement by publication time.
With the Iran conflict raging, are sub-6% mortgage rates now a relic of the past for American homebuyers?
Could the Iran war ignite a hidden crisis in the fragile $3 trillion private credit market?