mortgage rates

“In 48 hours, mortgage rates jump back above six percent. They're now a fair amount higher than that and potentially heading as high as six and a half to 6.7% if the conflict extends.”

“Two weeks before the war, mortgage rates dip below six percent for the first time since 2022.”

“The war sets the oil price. The oil price sets the gas price. The gas price drives inflation, and inflation handcuffs the Fed, stops them from acting. The Fed and inflation Drive the ten-year treasury. That's the government bond whose interest rate, mortgage r…”

“If the deal for peace collapses and the Strait of Hormuz stays hot, rates are gonna stay stuck somewhere in the mid sixes or possibly get even higher.”

“Less inflation pressure means less reason for the fed to stay aggressive, which over time is friendly to mortgage rates. So It's, what's happening is that the inflationary pressure is not forcing the Fed to increase rates, but we're probably not at a point whe…”

“Build your numbers assuming rates stay in the mid-sixes Through the summer.”

“Did the Fed treat the oil spike and gasoline cost spike as temporary or as a real threat? That answer will set the direction of mortgage rates for the near future.”

“And the bottom line is until the Strait of Hormuz is genuinely settled, That risk premium, the premium of this uncertainty will live inside every rate you're quoted.”

“War keeps the price of oil volatile. Volatile oil prices feed the risk of higher inflation, and inflation risk pushes the rate of the bonds higher. Higher bond rates equal higher mortgage rates. So that's how the war ties directly to your interest rates.”

“6.69%. Freddie Mac, that's the highest in over a year, and a year ago it was about 6.6%.”

“We looked at realtor.com and buyers of brand new homes were averaging just over five and a quarter percent mortgage while buyers of existing homes at that time, again, sort of third quarter, 20, 25 existing homes were averaging about 6.25%. It's basically a fu…”