The positive rate movement continued this week as we are now back into the pre-war rate range. We will end the week back down to 5.875% for our best 30-year fixed conventional scenario.
It was a better week for mortgage rates. As expected, after the announcement of a temporary ceasefire in the Middle East, mortgage rates improved, coming back down to 6.00% for our best 30-year fixed conventional scenario.
It was a better week for mortgage rates as we improved a bit back to 6.25% for our best 30-year fixed conventional scenario. All four full days of trading this week were positive for mortgage rates as markets responded early in the week to news of a potential de-escalation in the Iran war.
Rates continue to rise, now for the 5th week in a row, we are now up to 6.375% for our best 30- year fixed conventional scenario. Rates are now at their highest point in the last 8 months. The widespread reaction to the Iran conflict has not been well received across financial markets with stock prices tumbling alongside rising treasury yields and mortgage rates.
Another rough week for mortgage rates as we surged to a 7-month high. We are up another 0.25% in rate now at 6.125% for our best 30-year fixed conventional scenario.