As Iran Peace Talks Advance, Mortgage Rates Slip Below 6.5%

Mortgage rates eased this week to about 6.47% for the 30-year fixed as the US and Iran moved closer to a peace deal, with the 10-year Treasury yield also lower and inflation fears fading. The report also lists current purchase and refinance rates (various terms) and notes that Fed officials signaled policy may keep rates higher to stabilize prices, even though mortgage rates aren’t set by the Fed. The piece provides rate snapshots and basic guidance on factors that affect rates and when refinancing makes sense.