Mortgage Rates Worsen as Oil Tops $100 and Inventory Slips Lower
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Mortgage Rates Worsen as Oil Tops $100 and Inventory Slips Lower
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In this episode of Real Estate Jerky Daily, Ed Parcaut goes solo and breaks down a rough day for mortgage pricing as oil moves above $100 and the Strait of Hormuz remains the biggest market story. He covers worse rate movement, a slight dip in national housing inventory, the week's major jobs reports, and why those reports may not matter much unless the oil story cools off. The episode also touches on seller repair issues that can hurt appraisals, rent trends, and why California still seems better at building rentals than homes people can actually buy.
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