Key Mortgage Corp.

This Memorial Day, we pause to remember the brave men and women who gave everything in service to our country. Their courage and sacrifice are the reason we have the freedoms we cherish today.
To the families who carry their memory forward — thank you. We honor them today and always. 🇺🇸

his is the post I’ve been building toward — and it’s the one you won’t hear on CNBC…

For decades, the world has bought oil in U.S. dollars. That arrangement, the petrodollar system, meant that oil-producing nations accumulated enormous reserves of dollars, which they recycled back into U.S. Treasury purchases.
It was one of the key pillars supporting foreign demand for our debt and keeping U.S. interest rates, including mortgage rates — lower than they would otherwise be.
That arrangement is quietly fracturing.
Iran is now accepting other currencies for oil transactions. Other nations are following. The current U.S.-Israel conflict and the broader geopolitical posture of the United States is accelerating a shift that was already underway — away from dollar-denominated oil trade.
This doesn’t collapse overnight. But it doesn’t need to.
Even a gradual reduction in petrodollar recycling into Treasuries means less foreign demand for our debt, which means higher yields which means higher mortgage rates for American families over time.
This is a structural, long-term shift being driven by decisions being made right now.
It deserves a serious conversation that it simply isn’t getting.
Final piece Wednesday — where all of this converges.