Oil Up 40%. Rates Spiked. Recession Odds Doubled!
March 27, 2026 2:54Dan Ardis, NMLS# 1412272
Oil is up 40%, mortgage interest rates just spiked, and odds of a recession nearly doubled this month. In this week's market news, I break down what's actually happening with the iran war, oil prices, and what it all means for the economy.
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.
More Videos from Dan
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Why 7% mortgage rates aren't the end of the world
First Fed Hike in 3 Years, and It's Not the Last...
The hidden leverage you have as a buyer right now
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Why You Shouldn't Wait For A Housing Crash
Questions After Watching?
Dan answers mortgage questions for Bakersfield buyers and investors. Call (661) 342-9381 or get pre-approved online.