What is going on with interest rates?
Understanding Interest Rates: How Global Events Shape Your Mortgage Future
Ever feel like the world's events are playing a direct role in your household budget? You're not imagining it. Right now, a significant global event - the ongoing conflict in Iran - is creating ripples that reach all the way to your potential mortgage payment. As tensions escalate, oil prices tend to climb, and this isn't just about what you pay at the pump. Higher oil prices can fuel inflation, putting pressure on central banks to raise interest rates. It's a complex dance, but here's a critical takeaway for anyone…
The skinny
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