Treasury Secretary Scott Bessent says "help is on the way" as the national average for regular gas hits $4.46 a gallon, up from $3.17 just one year ago. The Iran conflict and the squeeze on the Strait of Hormuz have created a roughly 8 to 10 million barrel-a-day deficit in global oil supply, and Americans are feeling it everywhere: at the pump, at the grocery store, on their credit card statements, and yes, in their mortgage rates. In this video I break down: - What Bessent actually said and the timeline he's giving ($3 gas between June 20 and September 20) - Why gas prices spiked from $2.98 in February to $4.46 today - How the Strait of Hormuz disruption is feeding into broader inflation - Why credit card spending is "through the roof" and what that really tells us about household balance sheets - The downstream impact on mortgage rates and what a sustained energy shock means for a $500K home loan - What homeowners and buyers should be watching over the next 60 to 90 days Whether gas comes down by Labor Day or stays elevated through the fall, the ripple effects on inflation, Fed policy, and mortgage rates are already in motion. This is the financial reality, not the political talking points. --- Jesse Gonzalez President, True Blue Lending Corporation NMLS #278103 | Company NMLS #2380218 Licensed in California and Florida For a real conversation about your mortgage scenario: https://truebluelending.net 125+ five-star reviews. 22+ years in mortgage lending. --- #GasPrices #ScottBessent #IranWar #MortgageRates #Inflation #Economy DISCLAIMER: This video is for educational and informational purposes only and does not constitute financial, investment, or tax advice. Mortgage rates and economic conditions change daily. Consult a licensed professional for advice specific to your situation.
