emergencyBreaking NewsKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisisKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisis
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Home/Markets & Investing/FED INTEREST RATE DECISION · 30-YEAR MORTGAGE RATE

Ceasefire in Iran conflict lowers 10-year Treasury yield and mortgage rates

RM

Remy Mercer

Fed interest rate decision · Apr 9, 2026

Ceasefire in Iran conflict lowers 10-year Treasury yield and mortgage rates

Source: DojiDoji Data Terminal

Borrowing costs for prospective homebuyers and homeowners refinancing their loans eased this week. The benchmark 30-year fixed mortgage rate dropped to 6.37% from 6.46% last week, according to Freddie Mac. The average rate on 15-year fixed-rate mortgages dropped to 5.74% from 5.77% last week.

Related Brief23h ago
mortgage rates

Treasury Yield Dip Pulls 30-Year Fixed Mortgage Rates to 6.15%

The 30-year fixed mortgage rate has fallen to 6.15%, according to Zillow. This decrease follows a dip in the 10-year Treasury yield, which reached 4.29%. The yield movement was driven by a reduction in concerns regarding overseas conflicts and oil prices.

This decline follows five straight increases in mortgage rates. Banks use the yield on 10-year U.S. Treasury bonds as a guide to pricing home loans. The 10-year Treasury yield was at 4.28% in midday trading on Thursday, down from 4.3% a week ago.

Related Brief1d ago
mortgage rates

Middle East Ceasefire Cuts Monthly Mortgage Payments by $120

A borrower with a $400,000 loan saves $120 a month on a current 30-year fixed mortgage. This decline follows five straight increases that had pushed rates to their highest level in nearly seven months. The average 30-year fixed mortgage rate dropped to 6.37% from 6.46%, according to Freddie Mac. These shifts were driven by an easing in bond yields. The 10-year U.S. Treasury yield dropped to 4.23% from 4.3% a week ago. Bond yields eased after the U.S. and Iran agreed to a two-week ceasefire. West Texas Intermediate crude oil prices plunged 18% to $92 a barrel on the news, while Brent crude oil prices fell from a late March peak of $115.85 a barrel to around $90 a barrel.

Bond yields began to ease after the U.S. and Iran agreed to a two-week ceasefire.

Related Brief2d ago
mortgage refinancing

Refinancing a $300,000 mortgage at today’s average rate saves nothing for most homeowners locked in below 6%

Refinancing a $300,000 mortgage at today’s average rate saves nothing for most homeowners locked in below 6%. The average 30-year fixed refinance rate is 6.36% as of April 10, 2026. That rate is higher than what most homeowners already have. As of the third quarter of 2024, 82.8% of homeowners with a mortgage had a rate below 6%. A rule of thumb for refinancing is that a new rate should be at least one percentage point lower than the current rate to justify closing costs. For a homeowner with a 5% mortgage rate, refinancing at 6.36% would increase their rate by 1.36 percentage points. Refinancing makes no financial sense for homeowners with rates below 5.36% given current average rates. Closing costs for a refinance typically range from 2% to 6% of the loan amount. For a $300,000 loan, refinancing costs range from $6,000 to $18,000. Homeowners who refinance at a higher rate and pay thousands in closing costs lose money immediately and over time.

Fed interest rate decision30-year mortgage rate

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Fed interest rate decision

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