[Institution: U.S. Mortgage Rates Likely to Stay Around 7% in Q4] According to a report by Golden Finance on October 20, loanDepot analyst Jeff DerGurahian stated in a report that due to the combined impact of rising oil prices and a weak stock market, U.S. mortgage rates in the fourth quarter are likely to remain around 7%. The economist pointed out that the weakness in the stock market—particularly the slump in tech stocks—is drawing buyers back to the bond market. However, he also noted that high oil prices are exacerbating inflation concerns, which could force the Federal Reserve to raise interest rates at least once this year. DerGurahian said that until one side gains the upper hand, rates will remain at their current levels.