{"type":"rich","version":"1.0","title":"Mortgage Rates Near 7.5%: What Happened the Last Time?","description":"Mortgage rates today are jumping toward 7.5% as oil prices surge over 4% and the mortgage bond market drops 38 ticks. I break down the bond market, inflation data, and Federal Reserve rate hike odds so homebuyers, homeowners, and realtors know what to expect.\n\nIn this episode of The Rate Update:\nšŸ›¢ļø Oil jumps over 4% after Trump rejects the Iranian proposal on the strait, and why that hits mortgage rates\nšŸ“‰ Mortgage bonds (MBS) are down 38 ticks, and what that means for your rate today\nšŸ“… This week's economic reports: Case-Shiller home prices, consumer confidence, JOLTS job openings, and Core PCE inflation, with my forecasts\nšŸ¦ Why the Fed funds rate doesn't set your mortgage rate, and what the bond market is really doing\nšŸ“Š Why the 30 year fixed sits at 7.43% while the 10 year Treasury is 5.17%, and how the risk premium spread is keeping rates high\nāš ļø Fed rate hike odds: about a 68% chance at the next meeting\nšŸ” What I'm telling clients: if you're under contract, walk in the rate today; if you're buying down the road, qualify at 7.5% to 7.75%\n\nRead today's full breakdown and the numbers behind it on my blog:\nhttps://www.therateupdate.com/blog\n\nCHAPTERS\n0:00 Oil Jumps 4%, Mortgage Bonds Fall, Rates Near 7.5%\n1:30 What the Fed Does and What Actually Moves Mortgage Rates\n3:00 This Week's Data: Home Prices, Confidence, Jobs, Core PCE\n7:00 Why Rates Aren't Getting Back to 5%: Bonds and Risk Premium\n10:30 Fed Hike Odds and What Homebuyers Should Do Now\n\nšŸ  APPLY NOW ā€” One Application, One Credit Pull, 30+ Lenders Compared\nhttps://257781.my1003app.com/246527/register\n\nšŸ“… REQUEST A FREE CONSULTATION\nhttps://go.oncehub.com/solvitmortgagealan\n\nšŸ” FREE LE REVIEW ā€” Already have a quote? Send me your Loan Estimate and I'll compare it against 30+ lenders\nhttps://www.therateupdate.com/loan-estimate-review\n\nšŸ“‰ JOIN RATE WATCH ā€” FREE Rate Monitoring\nhttps://rw2.therateupdate.com/\n\nWelcome to The Rate Update with Dan Frio.\n\nThis 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.\n\nHere we break down the stories that impact your mortgage payment, your buying power, your refinance options, and your financial decisions.\n\nWHAT YOU'LL FIND ON THIS CHANNEL\nšŸ  Daily mortgage rate updates\nšŸ“‰ Housing market news and home price trends\nšŸ“Š Inflation, CPI, and Federal Reserve analysis\nšŸ“ˆ 10-Year Treasury and mortgage bond movement\nšŸ’° Refinance and debt consolidation opportunities\nšŸ” First-time homebuyer education\nšŸ” Rate Watch mortgage monitoring tools\nšŸ§® Mortgage calculators and payment tools\n\nWHERE TO START\n\nšŸ” Buying a home ā€” FHA, VA, USDA, conventional, jumbo and down payment assistance\nhttps://www.therateupdate.com/first-time-home-buyer\n\nšŸ” Refinancing or accessing equity ā€” cash-out, FHA Streamline, VA IRRRL, HELOC and reverse\nhttps://www.therateupdate.com/homeowner-options\n\nšŸ¢ Buying rentals ā€” DSCR on 1 to 8 units, bank statement and no-income options\nhttps://www.therateupdate.com/investment-property-loans\n\nšŸŽ Down payment assistance ā€” 3.5% to 5%, including grants you never repay\nhttps://www.therateupdate.com/down-payment-assistance\n\nTOP RESOURCES\n\nšŸ“Š TRU Mortgage Command Center ā€” Live Rate Dashboard\nhttps://command.therateupdate.com/\n\nšŸ’³ TRU Debt Optimizer\nhttps://debtrelief.therateupdate.com/\n\nšŸ§® Mortgage Calculators & Tools\nhttps://www.therateupdate.com/mortgage-calculators\n\nāœ‰ļø Ask Dan a Question\nhttps://www.therateupdate.com/contact\n\nFOLLOW THE RATE UPDATE\n\nYouTube: https://www.youtube.com/@TheRateUpdatewithDanFrio\nInstagram: https://instagram.com/therateupdate\nTikTok: https://tiktok.com/@therateupdate\n\nIf this helped you understand mortgage rates a little better, subscribe and turn on notifications so you catch the next update.\n\nDISCLAIMER\n\nDan Frio | NMLS #246527 | PBT Bancorp | NMLS #257781 | Equal Housing Lender\n524 Main St, Hazard, KY 41701\nNMLS Consumer Access: https://www.nmlsconsumeraccess.org/\n\nDan Frio is a federally registered mortgage loan originator with PBT Bancorp. Mortgage products are originated by PBT Bancorp, NMLS #257781.\n\nThis 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.\n\nAll opinions are my own and do not represent PBT Bancorp or any financial institution I may be employed by or affiliated with.\n\nNothing 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.\n\n#MortgageRates #MortgageRatesToday #HousingMarket #FederalReserve #Inflation #BondMarket #Homebuyers #Realtors","author_name":"Mortgage Rates Today | Housing Market & Fed News ā€“ The Rate Update with Dan Frio","author_url":"https://audioboom.com/channels/5005820-mortgage-rates-today-housing-market-fed-news-the-rate-update-with-dan-frio","provider_name":"Audioboom","provider_url":"https://audioboom.com","width":480,"height":95,"thumbnail_url":"https://audioboom.com/i/43858340/600x600/c","thumbnail_width":600,"thumbnail_height":600,"html":""}