Chris Moore has brokered mortgages for 35 years, and he’s experienced rises and falls in rates. So when the average mortgage rate was at a decade-high level recently, he wasn’t about to discourage would-be buyers. The way the Georgetown-based Mortgage Market of Delaware founder sees it, a 5.25% rate for 30 years is still doable for many.
- Ouch! Ride the rise in rates! — John Maloney
- Interest rates are going nowhere but up. The Fed has already signaled a 50 basis points raise each quarter for at least the next year. Do I have to even mention the price of gas? Or recession?. — Bob Beckman
- Crude oil is traded daily on the publicly traded commodities market, just like stocks are, and that is what sets the price, not the oil companies or OPEC. With that said, the actions and policies of the president and OPEC will affect the gas supply. — Marc Auger
- Yes, supply and demand. A booming economy has a lot of demand. The USA is 1.5 million barrels a day less than our record in 2019. OPEC is 4 million barrels a day less than they were in 2018. So the supply is not there. OPEC has resources to open up 2 million barrels a day in a short time, if they wanted to, and keep increasing. But they don’t. — Dale Bert
