Episode Details

Mortgage rates jumped from 5.99% to 7.2% without the Federal Reserve raising rates once in the last six months. In today's update I break down why oil, inflation, and the bond market are really driving your rate, what today's Fed meeting means, and what I'm telling my clients right now.

📊 Why mortgage rates jumped from 5.99% to 7.2% while the Fed sat still for six months
🏦 What the Federal Reserve actually controls, and why it's not your mortgage rate
🛢️ My oil price thesis, and why it's the real driver behind the inflation everyone's watching
📈 How the 10 Year Treasury and the mortgage bond spread set your rate, and what today's move costs you in buying power
📉 Today's MBS chart heading into the Fed decision, and what I'm telling my clients to do right now

📝 Read the full breakdown on the blog: https://www.therateupdate.com/blog

0:00 Mortgage Rates Jump Without a Fed Hike
0:45 What the Fed Actually Controls
2:15 My Oil Price Thesis
3:45 The Bond Spread and Your Buying Power
6:00 Today's MBS Chart and What To Do Next

🏠 APPLY NOW — One Application, One Credit Pull, 30+ Lenders Compared
https://257781.my1003app.com/246527/register

📅 REQUEST A FREE CONSULTATION
https://www.therateupdate.com/book-a-call

✉️ CONTACT ME
https://www.therateupdate.com/contact

🔍 FREE LE REVIEW — Already have a quote? Send me your Loan Estimate and I'll compare it against 30+ lenders
https://www.therateupdate.com/loan-estimate-review

📉 JOIN RATE WATCH — FREE Rate Monitoring
https://rw2.therateupdate.com/

📊 TRU Mortgage Command Center — Live Rate Dashboard
https://command.therateupdate.com/

💳 TRU Debt Optimizer
https://debtrelief.therateupdate.com/

🧮 Mortgage Calculators & Tools
https://www.therateupdate.com/mortgage-calculators

YouTube: https://www.youtube.com/@TheRateUpdatewithDanFrio
Instagram: https://instagram.com/themortgageupdate
TikTok: https://tiktok.com/@therateupdate

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/

Dan Frio is a federally registered mortgage loan originator with PBT Bancorp. Mortgage products are originated by PBT Bancorp, NMLS #257781.

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 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.

#MortgageRates #FederalReserve #HousingMarket #Inflation #BondMarket #InterestRates #RealEstate #MortgageRateUpdate