{"id":3981,"date":"2026-06-11T20:14:30","date_gmt":"2026-06-11T20:14:30","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/rates-drop-sharply-to-one-week-lows\/"},"modified":"2026-06-11T20:14:30","modified_gmt":"2026-06-11T20:14:30","slug":"rates-drop-sharply-to-one-week-lows","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/rates-drop-sharply-to-one-week-lows\/","title":{"rendered":"Rates Drop Sharply to One Week Lows"},"content":{"rendered":"<p> <\/p>\n<div>\n<p>Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday&#8217;s latest levels. Things might have gotten off to a slightly better start, but higher inflation in this morning&#8217;s econ data and discouraging war-related headlines put upward pressure on bond yields (yields and rates are technically the same thing and they move in the same direction).<\/p>\n<p>The bulk of the day remained uneventful but that changed abruptly at 1:30pm when news circulated that Trump cancelled today&#8217;s planned air strikes and said that both sides had approved final details of a permanent ceasefire, and that a time\/place of a deal signing would be announced shortly. Markets reacted swiftly with stocks rallying, oil falling, and rates dropping.<\/p>\n<p>Mortgage lenders prefer to set rates only once per day, but they will make mid-day changes if the underlying bond market makes a big enough move. Today&#8217;s was easily big enough, and a vast majority of lenders made friendly revisions to their daily rate offerings in short order. The net effect brough the average lender to the lowest levels since last Thursday.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday&#8217;s latest levels. Things might have gotten off to a slightly better start, but higher inflation in this morning&#8217;s econ data and discouraging war-related headlines put upward pressure on bond yields (yields and rates are technically the same thing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[205,732,154,283,258],"class_list":["post-3981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-drop","tag-lows","tag-rates","tag-sharply","tag-week"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/3981","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=3981"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/3981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/3982"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=3981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=3981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=3981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}