Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
Your Mortgage Rate Depends on This—And It's Not What You Think
Oil is dropping — and that could be a big deal for mortgage rates.In today’s Rate Update, we’re looking at why oil prices matter so much for homebuyers and homeowners watching mortgage rates.Oil is one of the biggest inflation pressure points in the economy. When oil spikes, inflation fears can rise, bond yields can move higher, and mortgage rates can feel the pressure. But when oil starts falling, the opposite can happen — inflation pressure may cool, bonds may improve, and mortgage rates may get some relief.Mortgage rates dropped yesterday, and now the big question is whether this is the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.