Congress Passes Housing Bill While Mortgage Rates Hit New Highs—Here's Why

Mortgage rates just surged again this week, even as the latest inflation data came in largely in line with expectations. So what’s really driving mortgage rates higher? In today’s episode of The Rate Update, we break down the major forces moving the housing and mortgage markets right now: • Congress just passed a major housing bill — the 21st Century ROAD to Housing Act • Mortgage rates are spiking to new highs again • The Iran conflict is escalating, pushing oil toward $100 per barrel • Inflation pressures from energy could keep rates elevated • The Federal Reserve meets next week, and the bond market is already reacting We'll walk through what all of this means for: 🏠 Homebuyers 🏠 Homeowners 🏠 Real estate investors 🏠 Anyone watching mortgage rates Is this housing bill truly a major step forward for housing affordability — or just political theater heading into election season? And more importantly… where are mortgage rates likely headed next? Let's break it all down. 🔔 Start Here 📈 RateWatch 2.1 — Get Notified When Mortgage Rates or Payments Hit Your Target 👉 https://www.therateupdate.com/rate-watch 📞 Schedule a Free Mortgage Strategy Call 👉 https://calendly.com/d/cq29-7xd-x3v/the-frio-team?month=2025-05 📝 Apply for a Mortgage — One Application • One Credit Pull • 30+ Lenders 👉 https://257781.my1003app.com/246527/register 🧮 TRU Mortgage Calculator Toolkit 👉 https://stan.store/TRU-Foundations Professional mortgage calculators used by loan officers and homebuyers: • Home Affordability Calculator • Refinance & Debt Consolidation Analyzer • Cost-of-Waiting™ Calculator • Break-Even & ROI Mortgage Calculator Perfect for homebuyers, homeowners, and real estate investors who want to analyze mortgage scenarios like a professional. 📲 Follow The Rate Update YouTube https://www.youtube.com/@TheRateUpdatewithDanFrio Instagram https://instagram.com/therateupdate TikTok https://tiktok.com/@therateupdate Facebook https://facebook.com/therateupdate LinkedIn https://www.linkedin.com/in/danfrio ⏱ Chapters 0:00 Mortgage Rates Jump Again 0:42 Major Housing Bill Passed in Congress 2:10 What Is the 21st Century ROAD to Housing Act? 4:05 Why Mortgage Rates Spiked This Week 5:32 Iran Conflict & Oil Near $100 7:00 How Energy Inflation Impacts Mortgage Rates 8:25 Latest Inflation Data (PCE) Explained 9:50 What the Bond Market Is Telling Us 11:05 Federal Reserve Meeting Next Week 12:10 Mortgage Rate Outlook ⚖️ Mortgage Compliance Disclosure Dan Frio | NMLS #246527 TRU Mortgage Team / PBT Bancorp | NMLS #257781 Equal Housing Lender Content is for educational purposes only and should not be considered financial advice.