Mortgage Rates Hit 7.17%—But the Fed Didn’t Raise Rates. Why?

📈 Ten year Treasury yields just hit their highest level since 2007, and the Federal Reserve could hike mortgage rates as soon as tomorrow's meeting. In this episode I break down what the Fed actually controls, why mortgage rates went up even after Fed rate cuts, and what homebuyers and realtors need to watch next.

🏦 What the Federal Reserve controls versus what actually moves your mortgage rate
 📉 Why rates climbed from 5.9% to 7.17% even after six Fed rate cuts
 🛢️ The six factors driving mortgage rates right now, including oil and Treasury supply
 📊 A 92% chance of a Fed rate hike tomorrow, and what today's jobs report means
 💡 Free tools to track your rate and see what a hike could do to your payment

Full breakdown on the blog: https://www.therateupdate.com/blog

0:00 Ten Year Treasury Hits Highest Level Since 2007
 1:45 What The Federal Reserve Actually Controls
 3:40 Why Mortgage Rates Rose After The Fed Cut Rates
 6:00 The Six Factors Driving Mortgage Rates Right Now
 8:15 Fed Meeting Preview and Today's Jobs Report

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WHERE TO START
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🔁 Refinancing or accessing equity: cash-out, FHA Streamline, VA IRRRL, HELOC, and reverse
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🏢 Buying rentals: DSCR on 1 to 8 units, bank statement, and no-income options
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🎁 Down payment assistance: 3.5% to 5%, including grants you never repay
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TOP RESOURCES
 📊 TRU Mortgage Command Center — Live Rate Dashboard
 https://command.therateupdate.com/

💳 TRU Debt Optimizer
 https://debtrelief.therateupdate.com/

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

Dan Frio is a federally registered mortgage loan originator with PBT Bancorp. Mortgage products are originated by PBT Bancorp, NMLS #257781.

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 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.

#MortgageRates #FederalReserve #HousingMarket #Homebuyers #Realtors