05/26/2026
๐ก ๐๐ผ๐ฟ ๐๐ต๐ฒ ๐ช๐ฒ๐ฒ๐ธ ๐ผ๐ณ ๐ ๐ฎ๐ ๐ฎ๐ฑ, ๐ฎ๐ฌ๐ฎ๐ฒ
๐๐ฎ๐๐ ๐ช๐ฒ๐ฒ๐ธ'๐ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฅ๐ฎ๐๐ฒ ๐ฅ๐ฒ๐ฐ๐ฎ๐ฝ: ๐ฅ๐ฎ๐๐ฒ๐ ๐บ๐ผ๐๐ฒ๐ฑ ๐น๐ผ๐๐ฒ๐ฟ ๐
Rates pushed to the highest levels this year on Tuesday, but then moved lower after news broke that negotiations with Iran were progressing.
๐ง๐ต๐ถ๐ ๐ช๐ฒ๐ฒ๐ธ'๐ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฅ๐ฎ๐๐ฒ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐: ๐ฅ๐ฎ๐๐ฒ๐ ๐ฐ๐ผ๐๐น๐ฑ ๐ฐ๐ผ๐ป๐๐ถ๐ป๐๐ฒ ๐๐ผ ๐ถ๐บ๐ฝ๐ฟ๐ผ๐๐ฒ ๐
Rates will continue to track oil prices and follow headlines about a deal with Iran that could reopen the Strait of Hormuz. Minor military skirmishes arenโt likely to hurt rates as long as they donโt derail negotiations, but if the ceasefire were to end, we would see rates jump.
๐ ๐ช๐ต๐ฎ๐โ๐ ๐ฎ๐ณ๐ณ๐ฒ๐ฐ๐๐ถ๐ป๐ด ๐ฟ๐ฎ๐๐ฒ๐ ๐๐ต๐ถ๐ ๐๐ฒ๐ฒ๐ธ:
โข The Middle East: Peace talks continue with Iran, albeit slowly, as both sides push for concessions and compromises. The Strait of Hormuz remains closed to commercial traffic, and we are not likely to see mortgage rates move significantly lower from here until it reopens, though we could see modest improvement from recent highs.
โข The Fed: Markets expect the Fed will be unable to cut rates this year and may even have to hike, as inflation continues to worry investors and traders.
โข Economic data: It's a holiday-shortened week, but Thursday brings a few reports, including some inflation data. However, they shouldnโt cause any big moves in rates.
