What markets want and really what everyone wants, is a little more certainty. Right now, there are still a lot of unanswered questions surrounding the conflict and where the markets head from here.

What we do know is that inflation has been trending higher, which was reflected in the latest Consumer Price Index report. That’s not especially surprising considering gas prices are now more than a dollar higher than they were just a couple of months ago, with energy costs still remaining elevated.

Oil prices touch almost every part of the economy. From transportation and shipping to groceries and everyday goods, higher energy costs tend to gradually work their way into consumer prices over time.

That’s also why the bond market and mortgage rates tend to react so closely to moves in oil. As inflation pressures rise, interest rates often follow.

The good news is markets can shift quickly, and any easing in energy prices or geopolitical tension could help improve the outlook moving forward.

We are seeing a great deal of activity regardless and this shows a strong economy and tight inventory. Let’s get you pre-qualified today.

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