Rate Rumble: Mortgage Moves & Credit Scores
View original at finance.yahoo.comRate Rumble: Mortgage Moves & Credit Scores Broadcast Retirement Network's Jeffrey Snyder discusses mortgage rate movements and how you can get the best interest rate with Bankrate's Ted Rossman…
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Mortgage rates could stay higher for longer as a result of the Iran war, even if the conflict ends immediately, because lasting damage to oil and gas markets and supply chains will keep inflation elevated.
60% confidenceThe average 30-year fixed mortgage rate is currently 6.3%, representing the midpoint of where it has been over the past couple of months.
60% confidenceInvestors are currently not pricing in any Federal Reserve interest rate moves in 2026, whereas previously markets expected two or three cuts.
60% confidenceHigher mortgage rates following the Iran war kept buyers on the sidelines in March and April.
60% confidenceThe war in Iran almost immediately pushed mortgage rates higher to around 6.5%, driven by inflation fears about higher oil and gas prices.
60% confidenceFederal Reserve rate decisions do not directly affect mortgage rates, but investors in both bond and mortgage markets are reading the same macroeconomic indicators.
60% confidenceLower mortgage rates in the 5.5% range could have brought sidelined buyers back into the housing market.
60% confidenceIn late February, before the war in Iran broke out, mortgage rates were around 6%, and there was real optimism rates could fall to 5.5% or the upper fives during the spring buying season.
60% confidenceMortgage rates have trended downward over the past couple of weeks, declining from 6.5% to 6.3%.
60% confidence