According to the latest report from Freddie Mac, benchmark 30-year mortgage rates in the United States fell to 6.47% from 6.52% the previous week, thus representing the lowest level in more than a month.

In this regard, Sam Khater, Freddie Mac's chief economist, expressed in the analysis that “incoming data continues to reflect consumer resilience, with an improvement in retail sales and a strengthening in pending home sales, suggesting that purchasing demand continues to improve modestly,” he said.

Regarding the reference 15-year mortgage rate, it also showed a downward trend, standing at 5.81%, from 5.84% last week. The drop in mortgage rates comes at a time when the inflation rate rose to 4.2% in May and interest rates remain in the 3.50% range.

Mortgage rates had risen sharply, approaching 7% again after the war against Iran developed, which caused energy prices to rise and triggered panic in the markets. However, the recent interim agreement between the United States and Iran with the reopening of the Strait of Hormuz and the cessation of hostilities could ease economic pressure.

In this sense, Anthony Smith, senior economist at Realtor.com, commented that "the last few weeks have been marked by constant comings and goings, showing progress towards a resolution, only to be followed by an intensification of military action. However, the latest rounds have shown more promise than previous truce periods, as a preliminary agreement has been drawn up and President Trump has already signed."

Another important factor is interest rates; Although it does not directly affect the market, it does affect 10-year Treasury bonds, of which it closely follows mortgage rates and which at the end of this week were still hovering above 4%.

"Markets responded with a rally in the 10-year Treasury note and a greater likelihood of a rate hike before the end of the year. The logic of the Fed's approach, which is to gain credibility through action rather than mere advertising, is sound and ultimately the path to lower long-term interest rates," Smith said, adding that a market without clear guidance may demand a short-term premium, which could prevent mortgage rates from falling as quickly as could suggest ceasefire in Iran.