The Mortgage Porter Weekly | Mortgage Rates, Conflict in Iran and Fed Week

Rates moved higher last week, but today (Monday, March 16th) delivered the best day for bonds since the conflict with Iran began — a meaningful bright spot heading into the week ahead. Here’s everything you need to know about where rates stand and what’s driving the market right now.

Geopolitical Update: Iran Conflict and Oil Prices

Ongoing uncertainty around the conflict with Iran has been creating volatility in financial markets, and mortgage rates have felt the effects. This week, Treasury Secretary Bennett stated that oil prices will come down, which brought some calm to investors — and we saw that reflected in a strong bond market at the close of today.

This Week’s Economic Calendar

There was a lot happening on the economic front this week, including the Producer Price Index (PPI) and the wrap-up of the FOMC Meeting…both on Wednesday!

 Spotlight: Non-Conforming Jumbo Mortgages

This week I’m featuring Jumbo Mortgages — because there are far more options available than most people realize.

Jumbo loans cover loan amounts above the conforming loan limit, and we have programs available up to $10 million.

If you’ve been holding back because your loan amount is large or your income is harder to document, you may have more options than you think. Let’s talk.