Several good days offset by one bad will leave rates right about where they ended last week, still right at 6.25% for our very best 30-year fixed Conventional scenario.

This week's resilience is almost entirely due to progress toward peace in the Iran war. Thursday’s news that President Trump had cancelled planned air strikes and that both sides had approved final details of a permanent ceasefire, fueled a strong reaction with stocks rallying, oil falling, and rates dropping. If a peace deal becomes official, there's more room for improvement.

Rising oil pricing and a strong employment report pushed rates back up a bit this week. We will end the week back at 6.375% for our very best 30-year fixed Conventional scenario.

A much better week for mortgage markets as rates. Reports of progress to end the conflict in the Middle East continued to be the primary influence for mortgage markets, while the economic data caused little reaction. We will end the week back to 6.25% for our very best 30-year fixed Conventional scenario.

Headlines about progress to end the conflict in the Middle East continued to be the primary driver for mortgage markets, while the economic data caused little reaction. After climbing to their highest levels since early July early in the week, mortgage rates reversed and ended slightly lower for the week. We will end the week at 6.375% for our best 30-year fixed Conventional scenario.

Happy Friday from Local Mortgage! Another volatile week for mortgage rates as the markets continue to weaken with unsettled issues in the Middle East increase inflationary pressure. Mortgage rates surged toward 8-month highs, now at 6.375% for our best 30-year fixed Conventional scenario. Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China. As soon as Trump got back on the plane to