The problem: home loan rates didn’t fall quite as much as one might have anticipated following the confirmation of the Iran peace offer. The bright side: rates had actually already begun rates in the peace deal last Thursday and it just took a modest improvement for the average loan provider to match the most affordable level in precisely one month.
For context, today’s MND rate index of 6.56% is the exact same as the most recent low seen on May 29th. Before that, you ‘d have to go back to 5/15 to see anything lower. For even more context, prior to 5/15, today’s rates would have been the 3rd greatest because August 1st, 2025.
In other words, we remain in strong shape in the context of the last month, however still in a raised range.