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| @thecltmortgageguy |
Vol 1 · Iss 13 · June 19, 2026 |
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| The Weekly |
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| THE WEEKLY WRAP |
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| Rates. Market intel. What it means for you. |
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| Welcome Back |
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| Rates Eased. Tensions Did Too. |
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| Today is Juneteenth, a day that marks the moment the last enslaved Americans learned they were free, and a reminder of how much further opportunity, including the opportunity to own a home, has had to travel to reach everyone. We keep that in mind in this work, one closing at a time. On the market side, this was a week that moved fast in both directions, and we will break it all down below. Thank you, as always, for reading and for being part of this community. Have a great weekend. |
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| Market Update |
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| A Rough Wednesday, Then a Reversal |
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| 30-yr Fixed |
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| 6.47% |
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| ↓ Down from 6.52% |
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| Rate Direction |
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| Down |
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| Easing into the weekend |
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| The week started with a relief rally after the United States and Iran reached an interim deal over the weekend to reopen the Strait of Hormuz and pause hostilities, with a formal signing expected Friday. Oil dropped, stocks rose, and mortgage bonds opened the week on stronger footing as one source of inflation pressure eased. |
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| That calm did not last. Wednesday brought the Federal Reserve's policy decision, the first led by new Chair Kevin Warsh, and the market did not love what it heard. The Fed's statement was shorter and offered less guidance than usual, and about half of voting members now see another rate hike in 2026 rather than a cut. Mortgage bonds sold off hard on the news, which pushes rates higher. Then, overnight Wednesday into Thursday, the U.S. and Iran signed a formal ceasefire agreement, oil fell sharply again, and bonds rallied back, unwinding much of the damage. Mortgage rates ended the week lower despite the rocky middle. |
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| The net effect for buyers is a small step in the right direction, but the bigger story is how sensitive this market still is to headlines. The ceasefire is a memorandum of understanding, not a finished deal, so the next few weeks of compliance and follow through matter just as much as this week's news did. Strong retail sales and pending home sales data this week also confirmed that buyers are still active even with rates where they are. |
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This week proved that one headline can undo a week of bad news in a single morning. Don't let your buyers make decisions based on a single day's rate. |
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| A Note on Next Tuesday |
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| No Call This Coming Tuesday |
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| I will be traveling next week and will not be able to host Tuesday Mortgage Chat, so everyone gets a week off. I want to keep these calls relevant to what you are actually seeing on the ground, so if you have a topic you would love to see covered when we are back, hit reply and let me know. I have a couple of ideas of my own, but I would much rather build the next one around what you are running into with your buyers and sellers right now. |
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| Tuesday Mortgage Chat will return the following Tuesday at noon, same Zoom link at linktr.ee/thecltmortgageguy. Have a topic for a future call? Just reply to this email and let me know what you want covered. |
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| Enjoy the week off. For daily rate updates follow @thecltmortgageguy on Instagram. |
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| Book a consult or grab the Zoom link at linktr.ee/thecltmortgageguy. |
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| thecltmortgageguy.com · NMLS #1465241 |
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