Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
The Rate Update —The Iran War Just Spiked Oil Prices — And Your Mortgage Rate
Hey — Dan Frio here, licensed mortgage loan officer in all 50 states and Puerto Rico.🚨 Mortgage rates are no longer just about the Fed… they’re now tied to OIL.With rising tensions involving Iran and potential disruption in the Strait of Hormuz, oil prices are spiking — and that creates inflation pressure almost immediately.And when inflation rises…👉 the bond market reacts👉 the 10-Year Treasury moves👉 mortgage rates followSo the real question is:👉 Are mortgage rates about to spike next?👉 And more importantly… should you LOCK or FLOAT right now?In today’s video, we break it all down in simple…
The skinny
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