Episode Details

Watch the video: https://youtu.be/hoXLFgusWNQ

Mortgage rates today: the 10-year Treasury topped 5% after President Trump said "we don't need a deal with Iran," putting the oil trade and mortgage rates back in play. In this episode I break down where rates start (about 7.30% on a 30-year), today's jobless claims, Friday's PPI and what the Fed is likely to do at its next meeting.

CHAPTERS
0:00 Breaking: Trump says no Iran deal, 10-year tops 5%
0:06 Mortgage rates today: what changed this morning
0:41 The Trump-Iran headline that hit the market
1:06 MBS: the one number that moves mortgage rates
1:40 Where mortgage rates start today (7.30%)
2:20 What the Federal Reserve watches: PCE, jobs, GDP
3:13 Jobless claims today: 200K initial, 1.697M continuing
4:06 PPI preview: Friday's producer inflation report
4:58 Fed meeting in 27 days: rate hike odds
6:02 Why mortgage rates don't always follow the Fed
6:40 What to watch if you're buying: oil
7:35 Free tools: Rate Watch and today's refi rates
8:25 MBS chart: the gap and what could fill it
9:21 Realtors, buyers and homeowners: how I can help

Updated for Thursday, Nov. 12: Mortgage rates are up about an eighth to a quarter point from earlier in the week after a hot CPI report and the Iran headlines. Initial jobless claims came in at 200K vs 194K expected, continuing claims improved to 1.697M, and producer inflation (PPI) is out Friday at 8:30 a.m. ET with a 0.4% forecast. If you're watching mortgage rates, watch oil and the MBS market.

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Dan Frio | NMLS #246527 | PBT Bancorp | NMLS #257781 | Equal Housing Lender | 524 Main St, Hazard, KY 41701. Mortgage products are originated by PBT Bancorp, NMLS #257781.
Dan Frio is a federally registered mortgage loan officer with PBT Bancorp. Mortgage assistance is available in the states and jurisdictions served by the bank. For general information only; not a commitment to lend or an offer of credit. Rates shown are third-party national averages, not PBT Bancorp rates. Rates, terms and programs are subject to change and depend on credit, property and other factors.