rich 1.0 Mortgage rates are climbing toward 7%, not the 5.99% many expected. I break down why: oil prices, global bond yields, AI debt, and the Fed's next move, plus what it means for your monthly payment. 📉 Why falling bond prices mean rising mortgage rates  🛢️ Oil above $90 a barrel and why that's inflationary  🌍 Global bond yields from Australia to the UK to Japan, and how they pull on your rate  🤖 How AI companies issuing their own bonds are adding to the debt pushing rates up  🏦 The Fed meets in 15 days, with a 65% chance of another rate hike  💵 What this actually costs you: more per month on a $300K, $400K, or $500K home Get the full breakdown and charts on the blog: therateupdate.com/blog ⏱️ Chapters  0:00 Intro: Why Rates Are Near 7% Instead of 5.99%  1:20 Bond Prices, Yields, and What Red Numbers Mean  3:15 Global Debt and the AI Bond Boom  6:00 What Rising Rates Do to Your Payment  8:00 Fed Meeting in 15 Days: What's Next Want to lock in before rates move again? Get pre-approved: command.therateupdate.com  Book a free consultation with me: [Calendly link]  Have questions? Reach out here: therateupdate.com/contact 🔧 Resources mentioned in this video:  RateWatch (track your rate and payment for free): rw2.therateupdate.com  DIY Mortgage tool: command.therateupdate.com  TRU Debt Optimizer: debtrelief.therateupdate.com 📱 Follow me for daily rate updates: YouTube | Instagram | TikTok Dan Frio NMLS #246527 | TRU Mortgage Team, PBT Bancorp NMLS #257781. Equal Housing Opportunity. This video is for informational purposes only and does not guarantee loan approval or specific rates. #MortgageRates #Homebuyers #Realtors #FederalReserve #TenYearTreasury #HousingMarket #RateWatch Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio https://audioboom.com/channels/5005820-mortgage-rates-today-housing-market-fed-news-the-rate-update-with-dan-frio Audioboom https://audioboom.com 480 95 https://audioboom.com/i/43817496/600x600/c 600 600 <iframe width="100%" height="95" src="https://embeds.audioboom.com/posts/8947548/embed?v=202301" style="background-color: transparent; display: block; padding: 0; width: 100%" frameborder="0" allowtransparency="allowtransparency" scrolling="no" title="Audioboom player" allow="autoplay" sandbox="allow-downloads allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation"></iframe>