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The average rate remains below 6.85%, where it was a year ago.
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The S&P 500 leaped 2.5% Wednesday after President Trump announced a two-week ceasefire.
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Worries are particularly high about what will happen to the Strait of Hormuz off the coast of Iran, where roughly a fifth of the world’s oil passes.
Politics
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The baby bonds program will invest $3,200 in a bond for every child born in Nevada under Medicaid.
Bank
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week.