Mortgage rates declining for first time since start of war in Iran, providing relief for housing market. Average 30-year fixed rate at 6.37% today, down from 6.46% last week.

A sustained move lower in mortgage rates could be meaningful catalyst for sales activity according to Zillow's senior economist.

Positivity on Wall Street this afternoon as crude oil futures move off session highs on word Israel and Lebanon might be holding direct talks next week.