Mortgage Rates Just Got BAD NEWS: 162,000 Jobs Revive a Fed Rate Hike

Mortgage rates today are reacting to a blowout jobs report that just shifted the odds of a Federal Reserve rate hike in 12 days, with CPI and PPI inflation data still to come next week. Housing market news and Federal Reserve analysis, explained in plain English by a licensed mortgage loan officer with 38 years in the business. No hype. Just real data and practical next steps.

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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.

IN TODAY'S UPDATE 📊 August jobs report jumps to 162,000, blowing past the 55,000 forecast, and last month's negative print gets revised to positive 20,000 🏦 Fed governor Christopher Waller says the rate decision comes down to this jobs report and next week's CPI and PPI inflation data 📉 Mortgage bonds gap down on the jobs news, pushing rates higher heading into the Fed's meeting in 12 days 📈 Average hourly earnings ease to 3.1% while unemployment holds steady at 4.1% 🛢️ Oil holds near $90 WTI and $95 Brent, still a key signal for where inflation goes next 🏠 What today's data means if you're under contract, buying soon, or waiting on the sidelines

Get the full breakdown on the blog: https://therateupdate.com/blog

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 Why Today's Jobs Report Just Moved Mortgage Rates 01:30 Fed's Waller: It Comes Down to Two Reports 03:30 Breaking Down the August Jobs Numbers 05:45 Mortgage Bond Market Reaction and the Rate Gap 07:15 Next Week's Inflation Data: CPI and PPI Preview 09:00 Oil, Stocks, and What Dan Is Telling Clients Now

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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.