The week’s best fixed and variable mortgage rates

U.S. peace-proposal optimism around the Iran war pushed bond yields down quickly, reflecting a risk-on reaction in fixed income markets. Mortgage brokers say rates still need to fall further before fixed mortgage rates decline, limiting the near-term benefit for housing. The article points to easing geopolitical risk, but the mortgage-rate transmission remains incomplete.

Analysis

U.S. peace-proposal optimism around the Iran war pushed bond yields down quickly, reflecting a risk-on reaction in fixed income markets. Mortgage brokers say rates still need to fall further before fixed mortgage rates decline, limiting the near-term benefit for housing. The article points to easing geopolitical risk, but the mortgage-rate transmission remains incomplete.