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April 17, 2026
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April 17, 2026
Oil Is Down. Opportunity Is Opening
Market Update
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Mortgage rates are starting to stabilize, and while the change has been gradual, it is an important shift that could impact your decision to buy a home.
Over the past several weeks, rising oil prices pushed inflation higher and drove mortgage rates up. That created uncertainty and caused many buyers to pause their plans.
Now we are seeing that pressure start to ease.
Oil has pulled back, and that is helping mortgage rates stabilize. The shift is not dramatic, but the direction is improving.
Here is what matters for you.
Many buyers are still waiting. That means less competition in the market right now.
With fewer buyers actively making offers, you may have more negotiating power. Sellers may be more open to concessions, credits, or flexible terms, especially if their home has been on the market longer or a previous deal fell through.
This creates a window of opportunity.
As rates continue to improve, more buyers will re enter the market. When that happens, competition increases and those opportunities become harder to find.
There is rarely a perfect moment to buy a home. The goal is to make a smart decision based on what is happening right now.
If you have been thinking about buying, this may be a moment worth exploring while conditions are still working in your favor.
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The information contained is the viewpoint of the presenter(s). Individuals should consult their own financial representative.
Estimated Mortgage Payment is for exemplary purposes only. Contact a licensed loan officer for exact numbers and APR. Additional rates and terms may apply and are subject to change without notice. Loan scenario assumes a purchase price of Zillow's list price and a 10% down payment. Points and fees not included. Property tax, homeowners insurance, mortgage insurance, and HOA fees are approximate and may vary. Other fees may apply. Product displayed is a conventional 30-year fixed rate mortgage using the current average rate as shown on Mortgage News Daily (mortgagenewsdaily.com).
Estimated Qualifying Income assumes a homebuyer has a FICO score above 740, no other credit debt, and a debt-to-income (DTI) ratio of 43%.
For exact numbers and APR or to run a loan scenario based on your own credit and income, contact our office at (858) 259-8700.
Rate Source: Mortgage News Daily. Rates displayed are approximate, subject to change, and do not necessarily reflect rates available to you. MND’s methods involve an objective component based on lenders' raw prices as well as a subjective impression from their network of originators. For more information about how these rates are calculated, visit www.mortgagenewsdaily.com/mortgage-rates/about.
Mortgage News Daily (MND) is a trademark of Brown House Media, Inc. Zillow is a trademark of Zillow, Inc. CrossCountry Mortgage has not been authorized, sponsored, or otherwise approved by Brown House Media, Inc. or Zillow, Inc.
Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions apply. Call (858) 259-8700 for details. All borrowers must meet minimum credit score, loan-to-value, debt-to-income, and other requirements to qualify for any mortgage program. CrossCountry Mortgage, LLC is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the federal government. CrossCountry Mortgage, LLC is not affiliated with or acting on behalf of or at the direction of the Veteran Affairs Office or any government agency. Certificate of Eligibility required for VA loans. By refinancing, the existing loan total finance charges may be higher over the life of the loan.
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