Mortgage Rates Hit 7.17%—But the Fed Didn’t Raise Rates. Why?

📈 Ten year Treasury yields just hit their highest level since 2007, and the Federal Reserve could hike mortgage rates as soon as tomorrow's meeting. In this episode I break down what the Fed actually controls, why mortgage rates went up even after Fed rate cuts, and what homebuyers and realtors need to watch next. 🏦 What the Federal Reserve controls versus what actually moves your mortgage rate 📉 Why rates climbed from 5.9% to 7.17% even after six Fed rate cuts 🛢️ The six factors driving mortgage rates right now, including oil and Treasury supply 📊 A 92% chance of a Fed rate hike tomorrow, and what today's jobs report means 💡 Free tools to track your rate and see what a hike could do to your payment Full breakdown on the blog: https://www.therateupdate.com/blog 0:00 Ten Year Treasury Hits Highest Level Since 2007 1:45 What The Federal Reserve Actually Controls 3:40 Why Mortgage Rates Rose After The Fed Cut Rates 6:00 The Six Factors Driving Mortgage Rates Right Now 8:15 Fed Meeting Preview and Today's Jobs Report 🏠 APPLY NOW — One Application, One Credit Pull, 30+ Lenders Compared https://257781.my1003app.com/246527/register 📅 REQUEST A FREE CONSULTATION https://go.oncehub.com/solvitmortgagealan 🔍 FREE LE REVIEW — Already have a quote? Send me your Loan Estimate and I'll compare it against 30+ lenders https://www.therateupdate.com/loan-estimate-review 📉 JOIN RATE WATCH — FREE Rate Monitoring https://rw2.therateupdate.com/ WHERE TO START 🏡 Buying a home: FHA, VA, USDA, conventional, jumbo, and down payment assistance https://www.therateupdate.com/first-time-home-buyer 🔁 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 https://www.therateupdate.com/investment-property-loans 🎁 Down payment assistance: 3.5% to 5%, including grants you never repay https://www.therateupdate.com/down-payment-assistance TOP RESOURCES 📊 TRU Mortgage Command Center — Live Rate Dashboard https://command.therateupdate.com/ 💳 TRU Debt Optimizer https://debtrelief.therateupdate.com/ 🧮 Mortgage Calculators & Tools https://www.therateupdate.com/mortgage-calculators ✉️ Ask Dan a Question https://www.therateupdate.com/contact FOLLOW THE RATE UPDATE YouTube: https://www.youtube.com/@TheRateUpdatewithDanFrio Instagram: https://instagram.com/therateupdate TikTok: https://tiktok.com/@therateupdate If this helped you understand mortgage rates a little better, subscribe and turn on notifications so you catch the next update. 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. #MortgageRates #FederalReserve #HousingMarket #Homebuyers #Realtors