Fighting intensified today between the U.S. and Iran. Oil prices moved higher fairly quickly and bond yields followed. This has been a common pattern during the Iran war as higher oil prices imply higher inflation which, in turn, implies higher yields/rates. Yesterday's average top-tier 30yr fixed rate hit the highest levels since June 2025. Today's increase was modest in the bigger picture. At 6.89%, we're still well below that June 2025 high of 6.97%. [thirtyyearmortgagerates]
Surprisingly Light Selling Given The Econ Data
Surprisingly Light Selling Given The Econ Data
Today’s market reaction to the big beat in NFP (162k vs 56k) certainly stretches the paradigm of most market watchers who’ve been in the game for more than a few y…