Oil Prices Are Crushing Mortgage Rates Right Now!
March 6, 2026 2:25Dan Ardis, NMLS# 1412272
Mortgage rates moved higher this week — but not because of the economy. Oil prices surged $20 in a week, and that's what's driving the bond market right now. Meanwhile, the February jobs report showed the economy lost 92,000 jobs, unemployment ticked up to 4.4%, and other labor data is pointing to a slowdown. So why aren't rates dropping? I break it all down in this week's update. Plus — good news for housing: home values are projected to rise 4.4% over the next year.
Dan Ardis is a Bakersfield-based mortgage broker with 20+ years in the industry, including experience as a Senior Specialty Underwriter. He originates residential and commercial loans for Kern County clients and in 49 states through Barrett Financial Group.
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Dan answers mortgage questions for Bakersfield buyers and investors. Call (661) 342-9381 or get pre-approved online.