Mortgage Rates Just Got Bad News From a GOOD Jobs Report—Here’s Why

Mortgage rates are reacting this week to a surprising jobs report, sticky inflation data, and the Federal Reserve's Jackson Hole meeting. In this video I break down what jobless claims, PCE inflation, and rising oil prices mean for mortgage rates, home affordability, and what the Fed does next. Homebuyers, homeowners, and Realtors, this is the week's mortgage rate update. Here's what I cover: • Why a stronger than expected jobs report is actually bad news for mortgage rates • How bond prices and yields actually work, explained simply • The Fed's two big concerns right now: inflation still at 3.7% and unemployment near full employment • Jobless claims and continued claims data, and what it tells us about the labor market • Why oil sitting in the 80s is keeping inflation elevated, and what has to happen for rates to drop • How Fed rate cut expectations have completely flipped ahead of Jackson Hole • What I'm telling my own clients right now about locking in Read more mortgage rate breakdowns on my blog: https://therateupdate.com/blog CHAPTERS 0:00 Jobs Report Shakes Up Mortgage Rate Expectations 1:20 How Bond Prices and Yields Actually Work 3:45 The Fed's Two Mandates: Inflation and Jobs 6:10 Jackson Hole and This Week's Jobless Claims 8:40 Oil Prices, Earnings, and What the Fed Does 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/contact 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-Foundations FOLLOW THE RATE UPDATE YouTube: https://www.youtube.com/@TheRateUpdatewithDanFrio Instagram: https://instagram.com/therateupdate TikTok: https://tiktok.com/@therateupdate DISCLAIMER Dan 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 #JobsReport #FederalReserve #JacksonHole #Inflation #Homebuyers #Realtors #HousingMarket #OilPrices #TheRateUpdate