What Rising Oil Prices Mean for Your Mortgage
Hi there! I want to talk to you about some recent news that could impact your mortgage, whether you're looking to buy, sell, or refinance a home. Recently, headlines about escalating tensions in the Middle East have led to a rise in oil prices, which can indirectly affect mortgage rates.
When oil prices go up, it can lead to higher inflation. This often causes interest rates to rise as well, which is exactly what we’re seeing with 10-year Treasury yields creeping higher. If you’re thinking about buying a home or refinancing your existing mortgage, now might be a good time to consider your options before rates climb even more.
My advice? If you’re in the market to buy or refinance, give me a call! I can help you explore your options and lock in a rate that works for you. Don’t wait too long—every little bit counts when it comes to your monthly payment!
