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Oil Prices Spiked and Mortgage Rates Followed—What Happens Next?
Oil Prices Spiked and Mortgage Rates Followed — What Happens Next?This week the financial markets were hit with a perfect storm.• Oil prices surged toward $100 per barrel • The stock market tumbled • Inflation fears returned • And the bond market reacted immediatelyWhenever oil spikes due to geopolitical conflict in the Middle East, the ripple effects move quickly through the global economy — and mortgage rates often follow.In this video we break down what just happened in the markets and explain why mortgage rates moved higher, what the 10-Year Treasury is signaling, and what homebuyers and…
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