Early in the trading session, the bond market began enhancing in action to more updates on a possible Iran peace deal. When bonds enhance, rates fall, however the initial response showed brief.
The good news is, the reversal didn’t do any brand-new damage. This allowed the average lending institution to keep rates right in line with yesterday’s 6.61% for a top-tier 30 year fixed. You ‘d have to go back to May 14th to see anything lower.