Oil Prices vs Mortgage Rates, Seller Disclosure Pitfalls, and a Bank-Owned Deal of the Week

The episode discusses whether crude oil prices correlate with interest rates, noting that COVID-era mortgage rates were unnaturally low, contributing to broad inflation, and that oil and mortgage rates are indirectly connected through inflation pressures and consumer confidence rather than a strict correlation. The host reviews crude oil charts and recent moves (down from around 110 to the high 80s) alongside mortgage rates around 6.5%, explaining how small rate dips can quickly boost homebuyer activity. 

Oil and Interest Rates? Is there a Correlation?

Reddit Question of the week! 

PROBATE AND ESTATE SALES 

REO of the Week 

Apple Home of the Week 

Mountain View Home of the Week 

FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist

Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist 

00:00 Cold Open Cat Shock

00:03 Oil vs Mortgage Rates

01:21 Crude Oil Charts Explained

03:36 Is There a Correlation

04:41 Dishonest Seller Disclosure

06:05 Permits Due Diligence

08:37 Legal Remedies and Proof

10:35 Disclose Disclose Disclose

13:04 Rates Inventory Wrap Up

14:03 Final Sign Off