Mortgage Rates Are HIGH: Can a Motivated Seller Help You Buy?

Mortgage rates jumped from 7.17% to 7.45% in just 48 hours this week, and I'm breaking down exactly why. Hot Services and Manufacturing PMI inflation numbers on Wednesday spooked the bond market, and here's what it means for your rate, your budget, and next week's Fed data.

📉 Mortgage rates jumped from 7.17% to 7.45% in 48 hours, here's why
 📊 Hot Services PMI (56 to 58) and Manufacturing PMI (53.9 to 57) spooked the bond market
 📅 Next week's key Fed data: PCE, Core PCE, and the Case Shiller home price index
 🏠 How a $10,000 seller credit can buy your rate down to 5.25% in year one
 🛢️ Why tracking oil prices daily can tell you where mortgage rates are headed
 ❤️ A story about my dad's advice on making the best of a tough situation

Read more on the blog: https://www.therateupdate.com/blog

⏱️ CHAPTERS
 0:00 Intro: My Dad's Advice on the "Golden Years"
 1:30 Mortgage Bond Basics and Why Rates Jumped 7.17% to 7.45%
 5:30 What's Coming Next Week: PCE, Core PCE, and Home Prices
 9:00 The $10,000 Seller Credit Buydown Strategy Explained
 13:00 Track Oil, Not Just Rates: Final Takeaways

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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.

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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.

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