@whatsamortgage_: Just when it looked like mortgage rates were finally catching a break… Friday happened. Early last week, rates were improving. We saw some purchase and refinance rates fall from around 6.875% to 6.5%, giving homebuyers and homeowners a reason to be optimistic. Then on Friday, Iran attacked a ship in the Strait of Hormuz, the U.S. responded, and the markets immediately shifted back into risk-off mode. When geopolitical tensions rise, investors worry about higher oil prices and inflation, and that can put upward pressure on Treasury yields—which often leads to higher mortgage rates. It’s been a frustrating game of red light, green light for anyone waiting to buy a home or refinance. The next thing I’m watching is the potential talks this week. If tensions ease, oil prices continue to fall, and the next couple of inflation reports show inflation cooling, there’s a good chance mortgage rates could move back below 6.5%. One thing I’ve learned is that headlines can move rates much faster than most people realize. Do you think we’ll finally see some stability this week, or are we in for another roller coaster? Let me know your thoughts below. 👇 #MortgageRates #HousingMarket #HomeBuying

Minh Nguyen | Mortgage Broker

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Region: US

Monday 29 June 2026 15:09:22 GMT