July 10, 2026

Even when war tensions de-escalated, mortgage rates didn't drop with oil prices. Learn how the latest Fed meeting determined the future of rates.

June 2026 North Texas Market Report: The Iran War Paused, Oil Crashed, and Your Mortgage Rate Didn’t Flinch

Update, July 8, 2026: This report covers June, and June's story has already flipped. Days after the ceasefire was signed, it cracked when Iran attacked three commercial ships in the Strait of Hormuz. The United States answered with fresh strikes, revoked Iran's oil waiver, and President Trump, speaking from the NATO summit, called the interim deal "over". Oil jumped roughly 6% and mortgage rates ticked...