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Markets On Edge

Markets were all over the place this week. Oil prices spiked to nearly $120 per barrel, dropped below $90, and then bounced again as headlines around the Persian Gulf kept changing. When oil moves like that, mortgage rates move too. In this week’s market update, Brian Manning breaks down the biggest stories impacting interest rates and housing: • Oil volatility driving mortgage rate swings • Inflation still cooling — but slowly • Existing home sales beating expectations • Mortgage purchase activity rising • What next week’s Federal Reserve meeting could mean for rates If you're buying, selling, or refinancing, understanding what’s happening in the market right now matters. New market update every Friday. Brian Manning The Brian Manning Team CrossCountry Mortgage