{"id":27663,"date":"2026-04-17T17:43:02","date_gmt":"2026-04-17T17:43:02","guid":{"rendered":"https:\/\/finderica.com\/?p=27663"},"modified":"2026-04-17T17:43:02","modified_gmt":"2026-04-17T17:43:02","slug":"mortgage-rates-plummet-on-unexpected-peace-deal-and-strait-reopening","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=27663","title":{"rendered":"Mortgage Rates Plummet on Unexpected Peace Deal and Strait Reopening"},"content":{"rendered":"<div>\n<p>Mortgage rates just got the best possible news they could get.<\/p>\n<p>A 10-day ceasefire between Israel and Lebanon has been announced that also resulted in Iran declaring the Strait of Hormuz \u201ccompletely open.\u201d<\/p>\n<p>This resulted in oil prices dropping into the $80s and 10-year bond yields falling closer to 4.20%.<\/p>\n<p> <iframe id=\"bbm_widget2\" src=\"https:\/\/widgets.icanbuy.com\/c\/standard\/us\/en\/mortgage\/tables\/text\/Mortgage.aspx?siteid=169cc4cc198062c0&amp;loan_type=REFI&amp;result_count=3&amp;listingbtnbgcolor=ff7207&amp;searchbtnbgcolor=ff7207\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\"><\/iframe>  <\/p>\n<p>As a result, 30-year fixed mortgage rates will also see a winning day, building on a winning month thus far in April.<\/p>\n<p>Just be wary that conditions can change quickly, and the ceasefire only lasts 10 days.<\/p>\n<h2>Mortgage Rates Extend Winning Month on New Ceasefire<\/h2>\n<p>A new 10-day ceasefire has been <a href=\"https:\/\/www.cnbc.com\/2026\/04\/16\/trump-israel-lebanon-ceasefire-iran-war.html\" target=\"_blank\" rel=\"noopener\">agreed to<\/a> between Israel and Lebanon, complementing the existing one between the U.S. and Iran.<\/p>\n<p>At the same time, Iran announced that the Strait of Hormuz was <a href=\"https:\/\/www.bbc.com\/news\/live\/cqxdg17yr2wt?post=asset%3A3c58f6cd-4f74-469c-a381-d8d5eea7417f#post\" target=\"_blank\" rel=\"noopener\">open for business again<\/a>, leading to a big drop in oil prices.<\/p>\n<p>This pushed 10-year bond yields a lot lower, as easing oil prices equate to reduced inflation concerns.<\/p>\n<p>That will translate to lower mortgage rates today as well, and builds upon the strong month we\u2019ve seen already.<\/p>\n<p>Much of the increase in rates in March has been erased, though mortgage rates are still roughly .25% higher than their absolute lows seen prior to the conflict.<\/p>\n<p>Whether they keep falling is another question, but it\u2019s certainly good news for home buyers and even those looking at a rate and term refinance.<\/p>\n<p>I checked out mortgage rates from a variety of big banks this morning and they\u2019re all pretty much back to the lows we saw in February, perhaps just a hair higher.<\/p>\n<p>So if you were shopping mortgage rates and gave up because of how bad March was, you might want to revisit and call some lenders for new quotes.<\/p>\n<h2>Beware of a Bounce in Rates If the Deal Falls Apart<\/h2>\n<p>While there\u2019s a ton of optimism regarding mortgage rates right now, beware of a bounce higher.<\/p>\n<p>It\u2019s really no different than when the stock market rallies and then all of a sudden has a pullback or a down day.<\/p>\n<p>While it\u2019s great news to hear that negotiations and ceasefires are in effect, more so for the people actually affected by this conflict, it can change at a moment\u2019s notice.<\/p>\n<p>For example, the original two-week ceasefire between the United States and Iran ends on April 22nd, which is next Wednesday.<\/p>\n<p>And this new ceasefire between Israel and Lebanon only lasts for 10 days. The same goes for the Strait reopening.<\/p>\n<p>It\u2019s only open during the 10-day ceasefire. That\u2019s not a ton of time to get ships moving again given the backlog, assuming it isn\u2019t extended.<\/p>\n<p>The U.S. is continuing its blockade until \u201cour transaction with Iran is 100% complete,\u201d per President Donald Trump.<\/p>\n<p>Trump <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116420484827577347\" target=\"_blank\" rel=\"noopener\">also said<\/a>, \u201cIran, with the help of the U.S.A., has removed, or is removing, all sea mines!\u201d<\/p>\n<p>In addition, \u201cIran has agreed to never close the Strait of Hormuz again. It will no longer be used as a weapon against the World!\u201d<\/p>\n<p>So if you believe all that, and the various parties cooperate during the ceasefire, we could see mortgage rates continue to drift lower next week and beyond.<\/p>\n<p>But if something unexpected happens, or we see any sort of setback, mortgage rates could shoot higher again.<\/p>\n<p>Lastly, remember that rates always take longer to fall than they do to rise. It\u2019s an elevator up and a staircase down.<\/p>\n<p><span style=\"color: #ff0000;\">New tool:<\/span> Easily compare rates with my mortgage rate calculator!<\/p>\n<div class=\"abh_box abh_box_down abh_box_fancy\">\n<div class=\"abh_tab_content\">\n<section class=\"vcard author abh_about_tab abh_tab\" itemscope=\"\" itemprop=\"author\" itemtype=\"https:\/\/schema.org\/Person\" style=\"display:block\">\n<div class=\"abh_image\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/ImageObject\"> <img decoding=\"async\" style=\"max-width: 100%; height: auto;\" src=\"https:\/\/www.thetruthaboutmortgage.com\/wp-content\/uploads\/gravatar\/headshot1.png\" class=\"photo\" width=\"250\" alt=\"Colin Robertson\"><\/div>\n<div class=\"abh_text\">\n<p>Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 19 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on X for hot takes.<\/p>\n<\/div>\n<\/section>\n<section class=\"abh_posts_tab abh_tab\">\n<div class=\"abh_image\"><img decoding=\"async\" style=\"max-width: 100%; height: auto;\" src=\"https:\/\/www.thetruthaboutmortgage.com\/wp-content\/uploads\/gravatar\/headshot1.png\" class=\"photo\" width=\"250\" alt=\"Colin Robertson\"><\/div>\n<div class=\"abh_text\">\n<div class=\"abh_name\">Latest posts by Colin Robertson <span class=\"abh_allposts\">(see all)<\/span><\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<p> <iframe id=\"bbm_widget\" src=\"https:\/\/widgets.icanbuy.com\/c\/standard\/us\/en\/mortgage\/tables\/Mortgage.aspx?siteid=6b6796d2cb72bbab&amp;include_text_results=1&amp;loan_product=PERIOD_FIXED_30YEARS&amp;result_count=10&amp;loan_type=REFI&amp;redirect_no_results=1&amp;listingbtnbgcolor=ff7207&amp;searchbtnbgcolor=ff7207\" width=\"100%\" scrolling=\"no\" frameborder=\"0\"><\/iframe>  <\/p>\n<\/div>\n<p><a href=\"https:\/\/www.thetruthaboutmortgage.com\/mortgage-rates-plummet-on-unexpected-peace-deal-and-strait-reopening\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage rates just got the best possible news they could get. A 10-day ceasefire between Israel and Lebanon has been announced that also resulted in Iran declaring the Strait of Hormuz \u201ccompletely open.\u201d This resulted in oil prices dropping into the $80s and 10-year bond yields falling closer to 4.20%. As a result, 30-year fixed<\/p>\n","protected":false},"author":1,"featured_media":15560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[216],"tags":[1236,417,1795,10161,261,9525,9839,918],"class_list":{"0":"post-27663","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mortgage","8":"tag-deal","9":"tag-mortgage","10":"tag-peace","11":"tag-plummet","12":"tag-rates","13":"tag-reopening","14":"tag-strait","15":"tag-unexpected"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/27663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27663"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/27663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/15560"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}