Mortgage Rates and Fuel Costs SitRep

Over the past year, as of data available today:

Source: mortgagenewsdaily.com

30 year mortgage rate up 0.69 ppts since the eve of the US-Iran war.

Figure 1: Gasoline price (blue), and diesel price (red), weekly average of daily data, both $/gallon, on log scale. Source: EIA via FRED. 

Gasoline prices are up 52.7% relative to the week ending 2/23, before the War’s start on 2/28.

 

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