Oil
Mortgage rates ease as oil prices cool on Russian supply deal
US mortgage rates recorded a third consecutive decline as oil prices retreated following a reported deal with Russia.
Key points
- Ten-year yields improved slightly, bringing 30-year fixed mortgages to approximately 7.45 percent.
- President Trump announced an energy ceasefire between Russia and Ukraine, alongside eased US sanctions on Russian fuel.
- Oil prices remained above 105 US dollars per barrel amid ongoing geopolitical tensions in the Middle East.
What happened
According to The Truth About Mortgage, US mortgage rates edged lower for the third consecutive day, with 10-year Treasury yields showing slight improvements. The 30-year fixed mortgage hovered around 7.45 percent.
The downward movement in borrowing costs coincided with a cooling of oil prices following weekend conflicts and a reported arrangement involving Russia. President Trump stated that Moscow agreed to increase diesel supplies to global markets, prompting the United States to temporarily ease sanctions on Russian fuel.
Why it matters
While oil prices retreated, they remained above 105 US dollars per barrel, leaving markets vulnerable to further Middle East escalations. Analysts noted that the recent relief in mortgage rates is fragile, depending heavily on upcoming Consumer Price Index data and potential shifts in investor behavior toward bond markets.
What comes next
Market observers await the September consumer price report, which could influence whether mortgage rates continue their downward trajectory toward the high-6 percent range.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
