FX.co ★ US Mortgage Rates Ease from 9-Month High

The average rate on a 30-year fixed mortgage dipped to 6.48% in the first week of June, down from a nine-month high of 6.53% the week before, according to data from Freddie Mac. The decline tracked a drop in long-term Treasury yields, as indications that the US is moving toward an agreement with Iran to extend their ceasefire pushed down prices of key energy commodities.