Easing tensions with Iran push mortgage rates lower
The average 30-year fixed mortgage rate increased to 6.49% for the week ending June 25. This upward movement follows a breakdown in negotiations and fading hopes for a peace agreement with Iran. Rates have remained relatively stable over the last six weeks.
What changed
Rates rose to 6.49% from the previously reported 6.47% as peace talk momentum slowed.
Live updates
-
Mortgage Rates Rise to 6.49% as Iran Peace Optimism Fades
confidence 90%The average 30-year fixed mortgage rate increased to 6.49% for the week ending June 25. This upward movement follows a breakdown in negotiations and fading hopes for a peace agreement with Iran. Rates have remained relatively stable over the last six weeks.
What's confirmed:
- The average 30-year fixed mortgage rate rose to 6.49% for the week ending June 25.
- Freddie Mac reported that 30-year fixed rates remained relatively stable over the past six weeks.
- Mortgage spreads improved in 2026 and kept rates below 7%.
Still unconfirmed:
- A breakdown in negotiations caused mortgage rates to face modest upward pressure.
- Easing concerns over supply disruptions through the Strait of Hormuz are offsetting peace optimism in oil markets.
-
Mortgage Rates Hit One-Month Low Following Iran Deal
confidence 95%The average 30-year fixed mortgage rate fell to 6.47% this week. This decline follows a peace agreement between the U.S. and Iran. Analysts warn that potential Federal Reserve rate hikes could reverse this trend.
What's confirmed:
- The average rate on a 30-year fixed mortgage declined to 6.47% from 6.52% the previous week.
- Mortgage rates reached their lowest level in more than a month.
- Easing tensions with Iran contributed to the decline in mortgage rates.
- A potential Federal Reserve rate hike could influence future borrowing costs.
Still unconfirmed:
- The 30-year mortgage rate is already climbing back up.
- The peace deal will boost mortgage market confidence.
- Lower swap rates from eased Middle East tensions may lead to further falls in fixed-rate mortgage costs.
-
Mortgage Rates Decline Following U.S.-Iran Peace Deal
confidence 95%U.S. mortgage rates dropped this week as a peace agreement between the U.S. and Iran reduced geopolitical tensions. The decline tracks lower bond and Treasury yields following the announcement. However, a potential Federal Reserve rate hike and inflation concerns continue to cloud the outlook.
What's confirmed:
- The average 30-year U.S. mortgage rate fell to 6.47%.
- Mortgage rates declined as Treasury yields and bond yields dropped following a deal to end the war with Iran.
- A memorandum of understanding signed between the U.S. and Iran helped lower oil prices and calm fears of regional conflict.
Still unconfirmed:
- The Fed has paused interest rates again.