Mortgage rates edged lower this week after tensions with Iran eased, offering a brief reprieve for home shoppers.
Home buyers appear to be accepting mortgage rates above 6% as the new normal, according to industry analysts.
The Federal Reserve signaled it could raise interest rates later this year in response to inflation tied to the conflict in the Middle East.
AI-generated summary was reviewed by a CNN editor.
Americans shopping for a home caught a break this week when mortgage rates edged lower.
