Will Middle East War Cloud Mortgage Rate Cuts?

Mortgage rates hovered between 6.5% and 7% amid ongoing economic uncertainty.
Middle East tensions had minimal impact on rates, as ceasefire holds and inflation remains key.
Tariff-induced inflation may delay Fed cuts, keeping mortgage rates elevated into 2025.
The Mortgage Bankers Association predicts only a slight drop to 6.7% this year.
The Federal Reserve may cut rates as early as September or possibly July.