Sometimes the truth hurts—and occasionally, it comes with a literal sting.

In the world of home loans, we’ve had a bit of a “bee in our bonnet” lately as mortgage rates continue to fluctuate. If you’ve been watching the news, you might be wondering why rates are trending upward despite inflation reports coming in right where we expected.

In my latest market update, I’m breaking down the “why” behind the recent surge and what it means for your home-buying journey.

---

The Inflation Paradox: When “On Target” Isn’t Enough

The inflation report for February was released recently, and for all intents and purposes, it hit the forecast perfectly. In any other climate, this would have been a signal for mortgage rates to rally lower.

However, bond traders quickly brushed it off. Why? Oil prices.

While the past data looked stable, the current surge in oil prices—driven largely by geopolitical tensions and conflict—has created a fresh wave of inflationary fear for the coming months. In the eyes of the market, the “sting” of future inflation outweighs the “win” of last month’s report.

Watch the Full Update Below

(Click play to see why I decided to let a bee join the conversation—literally.)

---

Will the Fed Cut Rates?

With the Federal Reserve meeting this week, many were hoping for a signal that rate cuts are on the horizon. Unfortunately, global events over the last two weeks have likely moved the goalposts. Due to the recent volatility in the energy sector and global unrest, it is highly unlikely we will see a cut to the Fed funds rate in the immediate future.