Easing Tensions with Iran Push Mortgage Rates Lower — but a Potential Fed Rate Hike Clouds the Outlook
Freddie Mac said Treasury yields eased after a tentative U.S.-Iran deal, while Fed officials still signaled they may raise rates this year.
- On Thursday, Freddie Mac reported the average 30-year fixed mortgage rate fell to 6.47% from 6.52% last week, offering Americans brief relief as Iran tensions eased.
- The US-Iran peace plan announced Sunday lowered the 10-year Treasury yield from 4.53% last week to 4.44% Thursday, influencing mortgage pricing by lenders.
- Federal Reserve officials, led by Fed Chair Kevin Warsh, left benchmark rates unchanged Wednesday but signaled potential hikes later this year due to inflation tied to the Middle East.
- Pending home sales increased in May, and NAR chief economist Lawrence Yun noted a late spring buyer rush indicates "acceptance of above-6% mortgage rates as the new normal."
- Redfin economic research head Chen Zhao said markets are adjusting to a new era after Wednesday's meeting, while inflation above the Federal Reserve's 2% target continues sidelining many buyers.
24 Articles
24 Articles
Will Mortgage Rates Go Down in 2026? New One-Month Low Suggests Relief, but Waiting May Backfire
Mortgage rates have fallen to their lowest level in roughly a month. The drop is real. But for the millions of Americans who have been waiting on the sidelines for rates to come down meaningfully before buying a home, the math may not be working in their favour. The average rate on a 30-year fixed-rate mortgage fell to 6.47% as of mid-June 2026, according to a weekly survey by mortgage buyer Freddie Mac. That is down from 6.52% the prior week an…
Americans looking for housing had a break this week when mortgage rates went down slightly.
Associated Press News
Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds down
The average long-term U.S. mortgage rate fell this week, tracking Treasury yields that have retreated since a deal to end the war with Iran was announced.
Mortgage rate news lands Americans in strange situation
Mortgage rates have decreased, according to Freddie Mac. On June 18, the average 30-year fixed mortgage rate dropped five basis points to 6.47%. Overall, the 30-year rate has been dropping daily, according to Mortgage News Daily’s rate index. Beginning June…
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
