Congress Passes Housing Bill While Mortgage Rates Hit New Highs—Here's Why

Mortgage rates just surged again this week, even as the latest inflation data came in largely in line with expectations. So what’s really driving mortgage rates higher?

In today’s episode of The Rate Update, we break down the major forces moving the housing and mortgage markets right now:

• Congress just passed a major housing bill — the 21st Century ROAD to Housing Act
• Mortgage rates are spiking to new highs again
• The Iran conflict is escalating, pushing oil toward $100 per barrel
• Inflation pressures from energy could keep rates elevated
• The Federal Reserve meets next week, and the bond market is already reacting

We'll walk through what all of this means for:

🏠 Homebuyers
🏠 Homeowners
🏠 Real estate investors
🏠 Anyone watching mortgage rates

Is this housing bill truly a major step forward for housing affordability — or just political theater heading into election season?

And more importantly… where are mortgage rates likely headed next?

Let's break it all down.

🔔 Start Here

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⏱ Chapters

0:00 Mortgage Rates Jump Again
0:42 Major Housing Bill Passed in Congress
2:10 What Is the 21st Century ROAD to Housing Act?
4:05 Why Mortgage Rates Spiked This Week
5:32 Iran Conflict & Oil Near $100
7:00 How Energy Inflation Impacts Mortgage Rates
8:25 Latest Inflation Data (PCE) Explained
9:50 What the Bond Market Is Telling Us
11:05 Federal Reserve Meeting Next Week
12:10 Mortgage Rate Outlook

⚖️ Mortgage Compliance Disclosure

Dan Frio | NMLS #246527
TRU Mortgage Team / PBT Bancorp | NMLS #257781
Equal Housing Lender

Content is for educational purposes only and should not be considered financial advice.