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The average rate on a 30-year fixed-mortgage inched higher by 2bps to 6.49% on the week to June 25th, 2026, according to data compiled by Freddie Mac. The result was in line with some elevated yields for longer maturity Treasury bonds at the start of the week, when the hawkish projections by FOMC members drove the market to position for rate hikes by the Fed this year. “The average 30-year fixed mortgage rate was little changed this week at 6.49%” said Sam Khater, Freddie Mac’s Chief Economist. “Rates have remained relatively stable over the last six weeks. Meanwhile, purchase activity eased modestly and refinance activity has continued to pick up recently, reflecting borrowers’ responsiveness to current rate levels.”

US 30-Year Mortgage Rate Ticks Higher

The FTSE MIB increased 0.28% to close at 51,782 on Thursday, rebounding from a three-day streak of losses with support from tech and power infrastructure companies. STMicroelectronics rose 2.8%, after Micron's positive earnings report helped ease worries and improved sentiment on the AI sector. Prysmian followed, gaining 0.3%. Rising electricity demand linked to data centers led to gains for utilities, where Enel (2%) and A2A (1.5%) both rose sharply. However, defense linked firms Avio and Leonardo led losses on the market at 6.6% and 4%, respectively. Selling was also concentrated on ENI (-2%), along with Saipem (-1.8%), after concerns emerged that widespread power outages in Venezuela, following recent earthquakes, could disrupt crude oil capacity. Elsewhere, Ferragamo advanced 3%.

FTSE MIB Rebounds From Three-Day Slide

The FTSE 100 advanced more than 0.5% on Thursday, aligning with broader European markets. Gains were primarily driven by a global rebound in technology sentiment, strong corporate updates, and renewed takeover activity. HSBC rose 1.1%, 3i jumped 11.5%, and AstraZeneca gained 1.1%, alongside broader support from banking, mining, and consumer equities. Budget airline operator EasyJet climbed over 6% after rejecting a fourth takeover proposal from investment firm Castlelake while simultaneously extending the deadline for potential future offers. Financial giant Barclays also advanced nearly 3% following announcements that its US division exceeded mandatory capital thresholds in recent Federal Reserve stress tests. Conversely, energy majors Shell and BP finished lower, pressured by a volatile oil market that traded down for most of the session before recovering late in the UK schedule on renewed concerns over Strait of Hormuz flows.

FTSE 100 Rises on Thursday

US gasoline prices rose more than 3% to $2.98 per gallon, tracking a rebound in crude driven by geopolitical tensions in the Middle East. The maritime group UKMTO reported that a vessel was struck by an unknown projectile in the Strait of Hormuz off the Omani coast, prompting several commercial ships to reverse course. This disruption renewed safety concerns regarding the vital shipping corridor and fueled anxieties over Iran dictating transit while Washington and Tehran negotiate a permanent end to their war. Despite the volatility, Saudi Arabian tankers headed toward the Ras Tanura terminal to resume Persian Gulf exports for the first time since March, and Qatar issued its first post-war crude tender. Domestically, US gasoline inventories rose by 2.064 million barrels to 216.3 million barrels, defying expectations of a draw. However, stockpiles remain 5% below the five-year average. Meanwhile, President Donald Trump ordered a federal investigation into the slow-falling pump prices.

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