05/16/2026
Why Mortgage Rates Just Moved Higher... Again
Over the last several days, mortgage rates have moved higher again.
And it’s a reminder of something many buyers forget…
Mortgage rates don’t just move based on housing.
They move based on world events, inflation, oil prices, and the bond market.
Right now, growing tensions involving Iran and the Strait of Hormuz have pushed oil prices sharply higher, which has increased inflation concerns across the country.
And when inflation fears rise…
mortgage rates often rise too.
In fact, many experts who previously expected the Federal Reserve to reduce rates this year are now saying those cuts may be delayed longer than expected.
Some analysts are even discussing whether additional tightening could happen if inflation worsens.
That’s why trying to “perfectly time” the market can be risky.
A lot of buyers have been waiting for rates to drop.
But recent events are a reminder that rates can move higher very quickly.
At the same time, if rates eventually improve later…
many homeowners may still have the opportunity to refinance.
But if home prices continue rising, buyers don’t get a second chance to buy yesterday’s home at yesterday’s price.
Nobody knows exactly where rates go next.
But what smart buyers focus on is:
1 - Finding the right home
2 - Creating a payment they’re comfortable with
3 - Having a long-term plan
If you’ve been wondering whether now is the right time to buy, refinance, or simply explore your options, let’s talk through it together. Even if that decision is to just wait.
Ron Pippin
Strategic Mortgage
Smarter. Faster. Easier.
