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Zackery Mayert

Latest reporting and analysis by Zackery Mayert.

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Oil Prices Rise Amid Iran Tensions and Market Volatility

Oil Prices Rise Amid Iran Tensions and Market Volatility

Oil prices edged higher at the end of a volatile week as tensions in Iran and broader market sentiment influenced trading. Brent crude traded above $64 a barrel after a sharp drop, with reports indicating reduced immediate U.S. military action but continued regional deployments.

Mortgage Rates Drop After Trump Orders $200 Billion Bond Purchase

Mortgage Rates Drop After Trump Orders $200 Billion Bond Purchase

U.S. mortgage rates fell sharply after President Trump ordered a $200 billion mortgage bond purchase. The Federal Housing Finance Agency confirmed Fannie Mae and Freddie Mac would execute the buys, with an initial $3 billion purchase reported. The average 30-year fixed rate dropped to 5.99% on Jan. 9. JPMorgan Chase analysts expressed skepticism about the plan's market impact.