Interest rates surged to 2-year highs this week, apparently in response to Wednesday’s news that OPEC countries struck a deal to limit oil production. True, if OPEC is willing to do what it takes to push fuel prices higher, it only adds to the inflationary fears already pushing rates higher. But even though the OPEC news dominated this week’s headlines, there are more important things keeping housing and mortgage markets up at night.
Source: Kevin Litwicki Universal Lending
What's Really Keeping The Mortgage Market up at Night?