Episode Details

Mortgage rates are climbing back toward 7%, fueled by rising oil prices, inflation fears, and surging Treasury bonds—making home buying tougher after a sluggish spring. Global tensions in the Middle East are rattling markets, pushing investors toward caution and keeping borrowing costs high. With gas and mortgage payments both soaring, buyers are feeling the squeeze. The Fed’s next meeting brings no hope of relief—some even expect another rate hike. While pending home sales hit a three-month low, mortgage applications edged up, especially for fixer-uppers as buyers avoid costly renovations. Lower rates, for now, hinge on global calm and oil price stability—until then, higher payments remain the norm.

Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/24bd700a9b8b8afa