USA: Mortgage Rates Ease from 9-Month High.
The average rate on a 30-year fixed-mortgage was at 6.48% in the first week of June, easing from the nine-month high of 6.53% in the previous week, according to data compiled by Freddie Mac. The pullback was consistent with the drop in long-term Treasury yields over the period as signs that the US is chasing an agreement with Iran to extend their ceasefire lowered prices of key energy commodities.