Mortgage Rates Jumped From 5.99% to 6.90%—Here’s How Much House You Just Lost

Mortgage rates jumped from 5.9% to 6.9% since the Iranian conflict began, and I break down the Fed data, jobs report, and oil prices driving the move, plus what it costs your purchasing power.📊 Mortgage rates rose from 5.9% to 6.9% since the Iranian conflict began💰 See the exact payment and purchasing power difference on a $434,000 home📈 Breaking down GDP, jobs data, and national debt driving mortgage bond yields🛢️ Oil prices, initial jobless claims, and today's stock market moves🏦 Fed rate hike odds drop to 54% as Chairman Waller points to next week's CPI🔧 Tools to track your rate, compare lenders, and get pre-approved📖 Read the full breakdown on the blog: https://therateupdate.com/blog🏠 APPLY NOW — One Application, 30+ Lenders Competehttps://solvitmortgage.my1003app.com/2753203/register?lang=en📅 REQUEST A FREE CONSULTATIONhttps://go.oncehub.com/solvitmortgagealan📉 JOIN RATE WATCH — FREE Rate Monitoringhttps://solvitmortgage.com/resources/todays-ratesWelcome 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🎥 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 mortgage rates are moving today, this channel is built to help you make better decisions.CHAPTERS00:00 Why Mortgage Rates Jumped Without a Fed Meeting01:45 The Mortgage Bond Chart Dan Watches Every Day03:15 Your Payment and Purchasing Power: The Real Numbers05:30 What's Really Driving Rates Higher: GDP, Jobs, and Debt07:30 Today's Data, Fed Odds, and Tools to Track Your RateTOP RESOURCES📊 TRU Mortgage Command Center — Live Rate Dashboardhttps://command.therateupdate.com/🧮 Mortgage Calculators & Toolshttps://stan.store/TRU-Foundations🔗 Guides, Calculators & Answershttps://solvitmortgage.com/resources✉️ Ask Dan a Questionhttps://www.therateupdate.com/contactFOLLOW THE RATE UPDATEYouTube: https://www.youtube.com/@TheRateUpdatewithDanFrioInstagram: https://instagram.com/therateupdateTikTok: https://tiktok.com/@therateupdateIf this helped you understand mortgage rates a little better, subscribe and turn on notifications so you catch the next rate update.#MortgageRates #HousingMarket #Refinance #FirstTimeHomeBuyer #FederalReserveDISCLAIMERDan Frio | NMLS #246527 | TRU Mortgage Team / PBT Bancorp | NMLS #257781 | Equal Housing Lender524 Main St, Hazard, KY 41701NMLS Consumer Access: https://www.nmlsconsumeraccess.org/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, 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.