oil price spike mortgage rates
Mortgage Rates Finally Expose Energy Shock Costs
How Oil Price Spikes Are Raising Mortgage Rates and Refinancing Costs in 2026 Oil price spikes push mortgage rates higher: a $90-per-barrel surge in April 2026 lifted the average 30-year mortgage rate by 75 basis points. Banks responded by raising short-term borrowing costs 25 basis points, a move that rippled