Mortgage Rates Decline Amid Iran Ceasefire and Geopolitical Relief
Mortgage rates fell to 6.3% for 30-year fixed loans, according to Freddie Mac, as a ceasefire between the U.S. and Iran eased market tensions. The decline follows a reduction in the 10-year Treasury yield and is seen as a positive development for homebuyers during the spring season. However, experts caution that the rate drop may be temporary if the ceasefire does not hold.
Topics: Federal Reserve geopolitical tensions Iran ceasefire mortgage rates Treasury yield