{"id":3783,"date":"2026-05-20T20:35:39","date_gmt":"2026-05-20T20:35:39","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/mortgage-rates-recover-all-of-yesterdays-losses\/"},"modified":"2026-05-20T20:35:39","modified_gmt":"2026-05-20T20:35:39","slug":"mortgage-rates-recover-all-of-yesterdays-losses","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/mortgage-rates-recover-all-of-yesterdays-losses\/","title":{"rendered":"Mortgage Rates Recover All of Yesterday&#8217;s Losses"},"content":{"rendered":"<p> <\/p>\n<div>\n<p>Wednesday brought some much-needed relief for the mortgage market after rates surged to new 9 month highs of 6.75% yesterday. Whereas that rate spike was decoupled from the prevailing narrative of war-related headlines, today&#8217;s recovery was quite the opposite.<\/p>\n<p>Newswires came out shortly after 10am ET that suggested the U.S. and Iran are nearing a final draft of a peace agreement. While such news has been prone to correction and revision, the market was nonetheless willing to respond quickly and rather forcefully.<\/p>\n<p>Oil prices dropped sharply with Treasury yields in tow. In the bond market, &#8220;yield&#8221; is another word for &#8220;rate.&#8221; And because mortgage pricing is directly dictated by mortgage-specific bonds, when yields are falling, mortgage rates will almost always be falling as well.<\/p>\n<p>The average lender fully erased yesterday&#8217;s rate spike, ultimately making it back below the levels seen on Monday afternoon. Granted, Monday&#8217;s levels were still the highest in many months at the time, but we have to start somewhere. At the very least, today&#8217;s market movement reiterates the fact that rates will likely make an even better recovery when the war is officially over.<\/p>\n<p><iframe class=\"article-chart\" src=\"https:\/\/www.mortgagenewsdaily.com\/charts\/embed\/mtg-rates-thirty-year-full\"><\/iframe><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wednesday brought some much-needed relief for the mortgage market after rates surged to new 9 month highs of 6.75% yesterday. Whereas that rate spike was decoupled from the prevailing narrative of war-related headlines, today&#8217;s recovery was quite the opposite. Newswires came out shortly after 10am ET that suggested the U.S. and Iran are nearing a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[476,153,154,2044,3277],"class_list":["post-3783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-losses","tag-mortgage","tag-rates","tag-recover","tag-yesterdays"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/3783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=3783"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/3783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/3784"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=3783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=3783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=3783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}