Mortgage Rates May Stay HIGHER Longer—The Fed’s Dot Plot Changes Everything

Mortgage rates, inflation, and the bond market all moved fast today after the Federal Reserve raised rates a quarter point, its first hike in three years, then handed markets a dot plot that caught everyone off guard. In this episode I break down why rates plunged after the Fed's press conference, what today's jobless claims and building permits numbers tell us, and why oil prices are still the biggest risk for another rate hike.

📊 The Fed hiked rates a quarter point, the first increase in three years, and the vote was unanimous
 📉 A surprise dot plot signaled another hike is likely, and that's what sent the market lower
 📈 Jobless claims came in under 200,000 and continued claims improved too, a strong signal for the economy
 ⛽ Diesel just hit its highest price ever, and I explain why that's the real threat to your rate
 🏦 What I'm watching into the next Fed meeting, and how to think about locking your rate right now

Read the full breakdown on the blog: https://www.therateupdate.com/blog

0:00 Today's Chart: How Rates Moved After the Fed
 1:45 The Fed's Quarter Point Hike, Explained
 3:45 The Dot Plot Surprise That Spooked the Market
 5:45 Jobs Data, Oil Prices, and What They Mean for Rates
 7:45 My Forecast and What To Do If You're Buying or Refinancing

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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.

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Dan Frio | NMLS #246527 | PBT Bancorp | NMLS #257781 | Equal Housing Lender
 524 Main St, Hazard, KY 41701
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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.

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