BREAKING: Home Sales Are Plunging, Will Mortgage Rates Hit 7% Again?

Pending home sales fell 2.3% in July with declines in every region, the lowest level since January. I break down what that means for mortgage rates, oil prices, and the Fed heading into today's FOMC minutes.In today's episode I cover: 🏠 Pending home sales drop 2.3% month over month, down 2.2% year over year, per the National Association of Realtors 📊 Why today's mortgage bond (MBS) chart is up 14 ticks, and what that means for your rate 🛢️ Oil prices ticking between 85 and 90 dollars a barrel and why that matters for inflation 🏦 What today's FOMC meeting minutes could reveal about the Fed's next move 📈 Stock market record highs, earnings season, and why I'm locking clients in right now instead of waitingFull breakdown and daily updates: https://therateupdate.com/blog0:00 Pending Home Sales Drop 2.3% in July 1:45 Today's Mortgage Bond Chart and What It Means 3:30 Oil Prices, Inflation, and the FOMC Meeting 5:40 Stock Market Records and Earnings Season 7:15 Where Mortgage Rates Are Headed Next🏠 Ready to Buy or Refinance? Get Pre-Approved https://257781.my1003app.com/246527/register📅 Want to Talk Through Your Options? Schedule a Consultation https://calendly.com/d/cq29-7xd-x3v/the-frio-team?month=2025-05✉️ Have Questions? Contact / Ask Dan https://www.therateupdate.com/contactWelcome 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.My goal is simple: No hype. Just real data, clear explanations, and practical next steps.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🏠 Mortgage rate updates 📉 Housing market news 📊 Inflation and Federal Reserve analysis 📈 10-Year Treasury and bond market movement 💰 Refinance opportunities 🏡 Homebuyer education 🔁 RateWatch and mortgage monitoring tools 🧮 Mortgage calculators and payment tools 🎥 Live market updates and housing commentaryWhether you are buying your first home, refinancing your current mortgage, comparing loan options, or just trying to understand why rates are moving, this channel is built to help you make better decisions.TOP RESOURCES📉 Track Mortgage Rates Automatically https://rw2.therateupdate.com/🏠 TRU Mortgage Command Center https://command.therateupdate.com/💳 TRU Debt Optimizer https://debtrelief.therateupdate.com/🧮 Mortgage Calculators & Tools https://stan.store/TRU-FoundationsFOLLOW THE RATE UPDATEYouTube: https://www.youtube.com/@TheRateUpdatewithDanFrio Instagram: https://instagram.com/therateupdate TikTok: https://tiktok.com/@therateupdateDISCLAIMERDan Frio is a licensed mortgage loan officer in all 50 states and Puerto Rico. NMLS #246527 | TRU Mortgage Team / PBT Bancorp NMLS #257781 | Equal Housing Lender.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, TRU Mortgage Team, 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, 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.#MortgageRates #HousingMarket #FederalReserve #PendingHomeSales #Homebuyers #Realtors