Episode Details

Mortgage rates today are moving because of the bond market and oil prices, not the Federal Reserve. Here's what really affects mortgage rates and why homes are still so unaffordable.

If you're a homebuyer, realtor, loan officer, or homeowner watching where rates go from here, I break down the mortgage bond, inflation, oil, and the Fed in plain English, with the real numbers.

IN THIS EPISODE
📉 Why mortgage-backed securities (MBS) are down 22 today and what that means for your rate
💵 How bond prices and yields work, and why rates rise when bond prices fall
🏦 Why the Federal Reserve doesn't control mortgage rates (it moves credit cards, car loans, and personal loans)
🏠 Home prices: $404,000 in 2023 vs. $429,000 today, so no crash, just slow appreciation
📊 Average 30-year rates: 7.18% in 2023, 6.35% in 2024, about 6.5% in 2025
🧾 Why homes are still unaffordable: rising property taxes and insurance costs
🛢️ Why oil at $100 a barrel is the number traders are watching for inflation and rates
🔒 Should you lock today? What I'm telling buyers with a contract in

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

CHAPTERS
0:00 Mortgage Rates Today: Bond Market Is Down
1:50 How Bond Prices and Yields Move Mortgage Rates
3:30 Home Prices and Mortgage Rates Since 2023
5:45 Why the Fed Doesn't Control Mortgage Rates
8:15 Oil, Inflation, and Should You Lock Today

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TOP RESOURCES

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https://command.therateupdate.com/

💳 TRU Debt Optimizer
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🧮 Mortgage Calculators & Tools
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