{"id":595640,"date":"2026-03-16T20:54:16","date_gmt":"2026-03-16T20:54:16","guid":{"rendered":"https:\/\/drewdodds.vipmtginc.com\/blog\/?p=595640"},"modified":"2026-03-16T20:54:17","modified_gmt":"2026-03-16T20:54:17","slug":"mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026","status":"publish","type":"post","link":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/","title":{"rendered":"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"345\" src=\"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image-1024x345.jpg\" alt=\"\" class=\"wp-image-595641\" style=\"aspect-ratio:2.968230042321294;width:512px;height:auto\" srcset=\"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image-1024x345.jpg 1024w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image-300x101.jpg 300w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image-768x259.jpg 768w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image-1536x518.jpg 1536w, https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image.jpg 1814w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Each week we take a step back to provide a <strong>30,000-foot view of mortgage rate activity<\/strong> and the economic trends shaping the housing market. Over the past week, several key economic indicators\u2014from inflation data to housing activity\u2014have helped shape the outlook for mortgage rates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Weekly Rate Movement<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Since <strong>Monday, March 9th<\/strong>, the <strong>30-year fixed mortgage rate increased by approximately 0.25% week-over-week<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While inflation readings remained relatively subdued overall, rising oil prices have created renewed inflation concerns in financial markets. Higher energy costs can put upward pressure on inflation expectations, which in turn pushed <strong>bond yields and mortgage rates slightly higher<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, economic growth showed signs of slowing, with a downward revision to fourth-quarter GDP.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Key Economic Highlights from Last Week<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Inflation Data Shows Gradual Cooling<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Consumer prices rose <strong>0.3% in February<\/strong>, bringing the <strong>annual inflation rate to 2.4%<\/strong>. Core inflation\u2014which excludes food and energy\u2014held at <strong>2.5% year-over-year<\/strong>, marking the lowest annual level since <strong>March 2021<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A notable contributor to easing inflation pressures was <strong>a slowdown in rent growth<\/strong>, which has been one of the largest drivers of inflation over the past several years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">PCE Inflation Remains Elevated<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Personal Consumption Expenditures (PCE) index<\/strong>, the Federal Reserve\u2019s preferred inflation measure, showed slightly stronger readings.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Headline PCE inflation: <strong>2.8% annually<\/strong><\/li>\n\n\n\n<li>Core PCE inflation: <strong>3.1% annually<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">While still trending lower compared to previous years, these readings remain <strong>above the Fed\u2019s 2% inflation target<\/strong>, reinforcing the central bank\u2019s cautious approach to future rate cuts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Federal Reserve Outlook<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Federal Reserve continues to balance <strong>signs of a cooling labor market with inflation that remains somewhat sticky<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite rate cuts that occurred previously, policymakers appear likely to <strong>maintain a cautious stance<\/strong> moving forward. Markets widely expect the Fed to <strong>hold the benchmark Federal Funds Rate steady at its upcoming meeting<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Housing Market Updates<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Existing Home Sales Improve<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Existing home sales <strong>rose 1.7% in February<\/strong>, suggesting that buyers are responding to mortgage rates that remain lower than levels seen a year ago.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Housing inventory also improved:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1.29 million homes for sale<\/strong><\/li>\n\n\n\n<li><strong>4.9% increase year-over-year<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">While supply remains historically tight, increased inventory may help improve affordability conditions as the spring buying season approaches.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Housing Construction Driven by Multi-Family Growth<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Housing starts increased significantly last week, though the growth was driven entirely by <strong>multi-family construction<\/strong>, which jumped <strong>30%<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Single-family construction declined and <strong>building permits fell<\/strong>, signaling that <strong>future housing supply growth may remain limited<\/strong> in the near term.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Economic Growth Slows<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Fourth-quarter <strong>2025 GDP was revised down to 0.7% annualized growth<\/strong>, a significant slowdown from the <strong>4.3% growth recorded in Q3<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The revision was largely attributed to <strong>reduced government spending during the recent shutdown<\/strong>, highlighting how policy disruptions can temporarily weigh on economic output.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Labor Market Remains Stable<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite broader economic slowing, <strong>labor market conditions remain relatively stable<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Recent data showed:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Initial jobless claims:<\/strong> 213,000 (still historically low)<\/li>\n\n\n\n<li><strong>Continuing claims:<\/strong> slightly declined<\/li>\n\n\n\n<li><strong>Job openings:<\/strong> increased to <strong>6.95 million<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">While these figures remain well below the <strong>2022 peak above 12 million job openings<\/strong>, they indicate that the labor market continues to show resilience.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">What to Watch This Week<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Markets are closely monitoring several key developments that could influence mortgage rates in the days ahead.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key items to watch include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The upcoming <strong>Federal Reserve meeting<\/strong><\/li>\n\n\n\n<li><strong>Pending home sales data<\/strong><\/li>\n\n\n\n<li><strong>New home sales reports<\/strong><\/li>\n\n\n\n<li><strong>Wholesale inflation readings<\/strong><\/li>\n\n\n\n<li><strong>Weekly jobless claims<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Investors will also be watching <strong>oil prices and geopolitical developments<\/strong>, as continued increases in energy costs could create additional inflation pressures and impact interest rates.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">As always, we will continue monitoring economic developments and housing trends to help provide insight into where mortgage rates may be headed next.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Each week we take a step back to provide a 30,000-foot view of mortgage rate activity and the economic trends shaping the housing market. Over the past week, several key economic indicators\u2014from inflation data to housing activity\u2014have helped shape the outlook for mortgage rates. Weekly Rate Movement Since Monday, March 9th, the 30-year fixed mortgage [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":595641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-595640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mortgage Market Update: Rates Move Higher as Inflation Concerns Return - Drew Dodds<\/title>\n<meta name=\"description\" content=\"Mortgage rates rose slightly this week as oil prices and inflation concerns pushed bond yields higher. Here&#039;s a look at the latest housing data, GDP revision, and what the Fed may do next.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return - Drew Dodds\" \/>\n<meta property=\"og:description\" content=\"Mortgage rates rose slightly this week as oil prices and inflation concerns pushed bond yields higher. Here&#039;s a look at the latest housing data, GDP revision, and what the Fed may do next.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Drew Dodds\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-16T20:54:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-16T20:54:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1814\" \/>\n\t<meta property=\"og:image:height\" content=\"612\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Drew Dodds\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Drew Dodds\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/\"},\"author\":{\"name\":\"Drew Dodds\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#\\\/schema\\\/person\\\/a9b55d000ca877f53f3b7b733fb26b9b\"},\"headline\":\"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return\",\"datePublished\":\"2026-03-16T20:54:16+00:00\",\"dateModified\":\"2026-03-16T20:54:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/\"},\"wordCount\":597,\"publisher\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Stacking-Coins-Image.jpg\",\"articleSection\":[\"Newsletter\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/\",\"name\":\"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return - Drew Dodds\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Stacking-Coins-Image.jpg\",\"datePublished\":\"2026-03-16T20:54:16+00:00\",\"dateModified\":\"2026-03-16T20:54:17+00:00\",\"description\":\"Mortgage rates rose slightly this week as oil prices and inflation concerns pushed bond yields higher. Here's a look at the latest housing data, GDP revision, and what the Fed may do next.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/#primaryimage\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Stacking-Coins-Image.jpg\",\"contentUrl\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Stacking-Coins-Image.jpg\",\"width\":1814,\"height\":612},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/2026\\\/03\\\/16\\\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/\",\"name\":\"Drew Dodds\",\"description\":\"V.I.P. Mortgage, Inc.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#organization\",\"name\":\"Drew Dodds\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/VIP-white-logo-proof.png\",\"contentUrl\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/VIP-white-logo-proof.png\",\"width\":99,\"height\":64,\"caption\":\"Drew Dodds\"},\"image\":{\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/#\\\/schema\\\/person\\\/a9b55d000ca877f53f3b7b733fb26b9b\",\"name\":\"Drew Dodds\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g\",\"caption\":\"Drew Dodds\"},\"url\":\"https:\\\/\\\/drewdodds.vipmtginc.com\\\/blog\\\/author\\\/drewd\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return - Drew Dodds","description":"Mortgage rates rose slightly this week as oil prices and inflation concerns pushed bond yields higher. Here's a look at the latest housing data, GDP revision, and what the Fed may do next.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/","og_locale":"en_US","og_type":"article","og_title":"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return - Drew Dodds","og_description":"Mortgage rates rose slightly this week as oil prices and inflation concerns pushed bond yields higher. Here's a look at the latest housing data, GDP revision, and what the Fed may do next.","og_url":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/","og_site_name":"Drew Dodds","article_published_time":"2026-03-16T20:54:16+00:00","article_modified_time":"2026-03-16T20:54:17+00:00","og_image":[{"width":1814,"height":612,"url":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image.jpg","type":"image\/jpeg"}],"author":"Drew Dodds","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Drew Dodds","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/#article","isPartOf":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/"},"author":{"name":"Drew Dodds","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#\/schema\/person\/a9b55d000ca877f53f3b7b733fb26b9b"},"headline":"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return","datePublished":"2026-03-16T20:54:16+00:00","dateModified":"2026-03-16T20:54:17+00:00","mainEntityOfPage":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/"},"wordCount":597,"publisher":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#organization"},"image":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image.jpg","articleSection":["Newsletter"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/","name":"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return - Drew Dodds","isPartOf":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/#primaryimage"},"image":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image.jpg","datePublished":"2026-03-16T20:54:16+00:00","dateModified":"2026-03-16T20:54:17+00:00","description":"Mortgage rates rose slightly this week as oil prices and inflation concerns pushed bond yields higher. Here's a look at the latest housing data, GDP revision, and what the Fed may do next.","breadcrumb":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/#primaryimage","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image.jpg","contentUrl":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2026\/03\/Stacking-Coins-Image.jpg","width":1814,"height":612},{"@type":"BreadcrumbList","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/2026\/03\/16\/mortgage-rates-rise-inflation-oil-prices-housing-market-update-march-2026\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drewdodds.vipmtginc.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Mortgage Market Update: Rates Move Higher as Inflation Concerns Return"}]},{"@type":"WebSite","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#website","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/","name":"Drew Dodds","description":"V.I.P. Mortgage, Inc.","publisher":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drewdodds.vipmtginc.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#organization","name":"Drew Dodds","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2022\/02\/VIP-white-logo-proof.png","contentUrl":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-content\/uploads\/2022\/02\/VIP-white-logo-proof.png","width":99,"height":64,"caption":"Drew Dodds"},"image":{"@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/drewdodds.vipmtginc.com\/blog\/#\/schema\/person\/a9b55d000ca877f53f3b7b733fb26b9b","name":"Drew Dodds","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50115a8e87f789bfdaaf8ea95afd5571fb05c1ae4a529b7e221c9d8ac9b4c250?s=96&d=mm&r=g","caption":"Drew Dodds"},"url":"https:\/\/drewdodds.vipmtginc.com\/blog\/author\/drewd\/"}]}},"_links":{"self":[{"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/posts\/595640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/comments?post=595640"}],"version-history":[{"count":1,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/posts\/595640\/revisions"}],"predecessor-version":[{"id":595642,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/posts\/595640\/revisions\/595642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/media\/595641"}],"wp:attachment":[{"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/media?parent=595640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/categories?post=595640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drewdodds.vipmtginc.com\/blog\/wp-json\/wp\/v2\/tags?post=595640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}