Episode Details

Mortgage rates today are moving as Federal Reserve Chairman Kevin Warsh speaks live from Jackson Hole. In this episode I explain what Jackson Hole is, why Warsh's comments move mortgage rates, and what this week's inflation, jobs, and GDP data mean for homebuyers, homeowners, and realtors.

In this episode:
- What Jackson Hole is and why Fed Chairman Kevin Warsh's speech can move your mortgage rate today
- This week's data recap: consumer confidence, new home sales, PCE inflation, the GDP revision, and jobless claims
- Why oil prices and the Iran conflict are directly tied to mortgage rate swings
- What's coming next week: JOLTS job openings, ADP payrolls, jobless claims, and the government jobs report
- Fed meeting odds for the next meeting in 19 days, plus the rate forecast into next year
- The two things I'm telling homebuyers and realtors to watch right now

More rate breakdowns and housing market updates on the blog: https://www.therateupdate.com/mortgage-calculators

CHAPTERS
0:00 What Is Jackson Hole and Why It Moves Mortgage Rates
1:13 Today's Rate Chart and Market Snapshot
2:44 This Week's Economic Data: Inflation, GDP, Jobless Claims
4:05 Next Week's Calendar: Jobs Report, JOLTS, ADP Payrolls
5:18 Fed Meeting Odds, Oil, and What Homebuyers and Realtors Should Do Now

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DISCLAIMER
Dan Frio | NMLS #246527 | PBT Bancorp | NMLS #257781 | Equal Housing Lender
524 Main St, Hazard, KY 41701
NMLS Consumer Access: https://www.nmlsconsumeraccess.org/

This channel is for education and commentary only. Topics may include mortgage rates, real estate, housing, stocks, bonds, cryptocurrency, inflation, the Federal Reserve, and financial markets.

All opinions are my own and do not represent PBT Bancorp, The Rate Update, or any financial institution I may be employed by or affiliated with.

Nothing on this channel is an offer to lend, a commitment to lend, or financial, legal, tax, or investment advice. Mortgage rates, terms, approvals, and programs are subject to borrower qualifications, market conditions, underwriting approval, and change without notice. Not all borrowers will qualify.