Mortgage Rates Could Hit 7%—Here's How Much House You'll Lose

Mortgage rates jumped toward 7% this week while a weak jobs report just moved the bond market. I break down why oil prices, inflation, and today's Fed data are pushing your rate around, plus how much house you can actually afford right now.

📉 Why mortgage rates are pushing back toward 7% 🏦 How the Federal Reserve actually sets your rate (it's not what most people think) 🛢️ How oil prices drive inflation, and inflation drives your mortgage rate 📊 The jobs report data that just made the bond market jump 🏠 How much house you can afford at 7% versus 3.5%, and why it's a $152,000 difference 💰 Why $35 trillion in homeowner equity is keeping this market flat, not crashing

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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 🏠 Daily mortgage rate updates 📉 Housing market news and home price trends 📊 Inflation, CPI, and Federal Reserve analysis 📈 10-Year Treasury and mortgage bond movement 💰 Refinance and debt consolidation opportunities 🏡 First-time homebuyer education 🔁 Rate Watch mortgage monitoring tools 🧮 Mortgage calculators and payment tools 🎥 Live market updates and housing commentary

Whether you are buying your first home, refinancing your current mortgage, comparing loan options, or just trying to understand why mortgage rates are moving today, this channel is built to help you make better decisions.

CHAPTERS 00:00 Intro: Mortgage Rates Near 7% and $35 Trillion in Equity 01:30 How the Federal Reserve Actually Sets Your Rate 03:15 Oil Prices, Inflation, and Today's Market Reaction 05:00 The Jobs Report That Just Moved the Bond Market 06:45 How Much House You Can Afford at 7% (And Why the Market Is Staying Flat)

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DISCLAIMER Dan Frio | NMLS #246527 | TRU Mortgage Team / PBT Bancorp | NMLS #257781 | Equal Housing Lender 524 Main St, Hazard, KY 41701 NMLS Consumer Access: https://www.nmlsconsumeraccess.org/

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, TRU Mortgage Team, 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.