I write educational posts on buying your home for the first time. I even posted my homebuying book at r/NewbHomebuyer go check it out

30-year fixed: 6.57% 15-year fixed: 6.07% 10-year Treasury: 4.46% Average rates from mortgage news daily

Rates spiked on Monday to the highest levels we've seen in over a month because of escalation fears around the Iran war.

Today we're getting a real recovery, with lenders back down to last Friday's levels.

The move came after oil prices dropped on news that the U.S. and Iran are close to signing a one-page memo outlining a peace agreement.

Full details would still take time to work out, but this would effectively end the war.

Oil prices and bond yields fell at their fastest pace since mid-April, and mortgage rates followed.

I write educational posts on buying your home for the first time. I even posted my homebuying book at r/NewbHomebuyer here's the book on reddit.

Originally shared by u/SamTMortgageBroker in r/NewbHomebuyer — view the original thread.