U.S. 30-Year Fixed Mortgage Rate Falls to 6.23% as Fragile Truce With Iran Weighs on Further Declines
The average U.S. 30-year fixed mortgage rate slipped to 6.23% this week from 6.30% last week, according to Freddie Mac. Markets remain sensitive to a tenuous ceasefire between Washington and Iran and related military measures that have kept Treasury yields in a narrow range and pushed global oil prices higher.