Mortgage Rates Dip Below 6% Amid Middle East Tensions and US-China Trade Probe

Key TakeawaysUS 30-year fixed mortgage rates fell to 5.98%, dropping below the 6% threshold for the first time since September 2022.The US Navy’s 5th Fleet in Bahrain has been reduced to mission-critical staffing of under 100 personnel amid escalating tensions and potential strikes involving Iran.The US International Trade Commission (ITC) launched a fact-finding probe to assess the economic impact of revoking China's Permanent Normal Trade Relations (PNTR) status.Bayer (BAYRY) reported that its PEACE-3 tri ...