Jeff DerGurahian: U.S. mortgage rates may remain around 7%

Analyst Jeff DerGurahian from loanDepot stated that due to rising oil prices and a weak stock market, mortgage rates in the United States may remain around 7% in the fourth quarter.

The weak stock market is attracting buyers back to the bond market, but high oil prices are exacerbating inflation concerns, which may force the Federal Reserve to raise interest rates.