Posted on 06/12/2026 9:28:13 AM PDT by CondoleezzaProtege
The housing market was expected to rebound this year, but the Iran war has changed that trajectory...
In early June, the average 30-year fixed-rate was 6.52%, according to Freddie Mac. Just before the war began, rates fell below 6% for the first time in years...
The rate environment is typically driven by numerous economic and political events, but the war is driving the movement now, Joel Berner, senior economist at Realtor.com, said.
“Over the last couple of months, the rate market has been held hostage by this conflict in Iran,” he said. “When it looks like a ceasefire is in place and going to stay, rates come down. When it seems like something bad happens or conversations break down, rates go up.”
Rates are likely to remain in the mid-6% range as the war continues, Berner said, higher than experts predicted but lower than last year’s numbers — rates were over 6.7% for most of 2025.
“But unfortunately, I think it just kind of presses pause on the major housing rebound.” ...
If you’ve been waiting for the best deal on a home purchase, there are ways to get a rate that is significantly lower than the average conventional mortgage rate. Different loan types and lenders can provide you with a rate that may make it possible for you to afford the home you want before rates drop. Below, CNBC Select explains how.
(Excerpt) Read more at cnbc.com ...
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Rates were 8%-8.5% when I bought my first house!!
During the Carter administration, they were 20%. Unreal. Fortunately, we bought our first house before he became POTUS!
The Trump Economy is in the shitter pretty much so the mid terms are not looking promising while he is playing grabass with Iran.
Glad I don’t have to worry about that anymore. Paid off my house six years ago.
problem is the median home price is more than 5x the median family income in this country...this is a higher ratio than at the peak of the housing bubble in 2006...
Coerced our kids to purchase a house almost 5 years ago instead of being handcuffed by the ever-increasing rents. They managed to lock in at 3%.
Is the home price the problem, or is it the amount of the mortgage? What I have been hearing about is mortgages with only 5-10% down. That can't be good.
We’re still feeling the effects of the Biden economy. Did you expect tariffs to have an effect overnight?
6.25% interest rate is not high.
I have a 2.5% ten year entering into year seven. I think I’ll hold on to it.
I paid 9.5% for my first home. 8.25% for my second home.
We are psychologically anchored to the rates of the last 20 years or so which have an average below 5% so today's rates seem "high" by comparison.
Rates have closely followed oil prices the last two months.
Next week might be a big week.
It’s what I do for a living. I think I will be doing a bunch of refinances later this year
Trump’s Fault?
Why did you post this?
I would have loved 6% when I bought my house in ‘89
SAVE THE STARBUCK’S COFFEE $$$
SAVE THE UBER $$$$
SAVE THE GROCERY DELIVERY $$$$
SAVE THE “CONCERTS” & ENTERTAINMENT $$$$
LIVE IN CHEAPER APARTMENT WHILE RENTING...SAVE $$$.
HAVE A LARGER DOWN & SEE THE DIFFERENCE.
I NEVER EARNED MORE THAN $64,000 GROSS IN MY ENTIRE WORKING LIFE-—STARTING AT AGE 17.
BOUGHT FIRST HOUSE AT AGE 26...in 1966.
RE-FIED IT & BOUGHT #2 FOR $105,000 ( FORECLOSURE) AT AGE 49. IN 1989. SOLD #1 AT AGE 55. in 1995.
SOLD #2 AT AGE 65 FOR OVER $370,000. NO CAPITAL GAINS TAXES.
BOUGHT #3 AT AGE 65 WITH CASH......in 2004.
BY MYSELF....
NOW 86. STILL FEMALE. STILL SINGLE.
Heck, I did a refi for 10.5%
Just look at her posting history. She is one of the top woke propagandists on the forum as of late.
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