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Mortgage Rates Could Rise Even If the Fed HoldsโHereโs Why
Description
Oil prices are falling right as this week's biggest inflation reports hit: PPI tomorrow, CPI Friday, and a Federal Reserve meeting next week that will decide what happens to your mortgage rate.
๐ข๏ธ Oil prices are dropping, and that ties directly into inflation and your mortgage rate ๐ PPI (producer inflation) drops tomorrow. Dan's forecast: hotter than consensus, driven by a base effect most people are missing ๐ CPI (consumer inflation) drops Friday, the number the Fed says will decide their next move ๐ฆ The Fed meets next week. Current odds sit at 62% heading in ๐ฐ See what a move from 5.99% to 7.99% actually does to the payment on a $350,000 loan
Full numbers and Dan's forecast breakdown posted at the blog: https://www.therateupdate.com/blog
โฑ CHAPTERS 0:00 Intro: Oil Prices and This Week's Inflation Setup 1:20 Daily Bond Market Check 2:50 PPI and CPI Forecast: What Most People Miss 6:40 What It Means for Your Payment 8:30 Fed Meeting Next Week: The Odds
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Welcome to The Rate Update with Dan Frio.
This channel helps homebuyers, homeowners, real estate professionals, and anyone watching the housing market understand what is really happening with mortgage rates, housing, inflation, the bond market, the Federal Reserve, and the economy.
Here we break down the stories that impact your mortgage payment, your buying power, your refinance options, and your financial decisions.
WHAT YOU'LL FIND ON THIS CHANNEL ๐ Daily mortgage rate updates ๐ Housing market news and home price trends ๐ Inflation, CPI, and Federal Reserve analysis ๐ 10-Year Treasury and mortgage bond movement ๐ฐ Refinance and debt consolidation opportunities ๐ก First-time homebuyer education ๐ Rate Watch mortgage monitoring tools ๐งฎ Mortgage calculators and payment tools
WHERE TO START
๐ก Buying a home โ FHA, VA, USDA, conventional, jumbo and down payment assistance https://www.therateupdate.com/first-time-home-buyer
๐ Refinancing or accessing equity โ cash-out, FHA Streamline, VA IRRRL, HELOC and reverse https://www.therateupdate.com/homeowner-options
๐ข Buying rentals โ DSCR on 1 to 8 units, bank statement and no-income options https://www.therateupdate.com/investment-property-loans
๐ Down payment assistance โ 3.5% to 5%, including grants you never repay https://www.therateupdate.com/down-payment-assistance
TOP RESOURCES
๐ TRU Mortgage Command Center โ Live Rate Dashboard https://command.therateupdate.com/
๐ณ TRU Debt Optimizer https://debtrelief.therateupdate.com/
๐งฎ Mortgage Calculators & Tools https://www.therateupdate.com/mortgage-calculators
โ๏ธ Ask Dan a Question https://www.therateupdate.com/contact
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