Mortgage Rates: Waiting for 2%—Could It Cost You Your Next Home?
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Waiting for 2–3% mortgage rates to come back? Dan walks through mortgage rate history — near 18% in the early 1980s, 2.625% during COVID, and about 7.4% today — and explains what drove each extreme. He covers this week's economic calendar, why he expects home prices to stay flat rather than crash, the odds of a Fed pause at the next meeting, and how much more a $500,000 home costs per month today than at the 2021 lows.
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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
WHERE TO START
🏡 Buying a home — FHA, VA, USDA, conventional, jumbo and down payment assistance
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🔁 Refinancing or accessing equity — cash-out, FHA Streamline, VA IRRRL, HELOC and reverse
https://www.therateupdate.com/homeowner-options
🏢 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
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🧮 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.