The Rate Update —Mortgage Rates About to Spike? Here's What's Coming

Mortgage rates are not getting much help from the Federal Reserve right now.This week, the Fed held rates steady again — and with inflation coming in around 3.5% while the Fed’s long-term target is still 2%, the message is pretty clear:Rate cuts are not likely coming soon.So what does that mean for homebuyers, homeowners, and anyone waiting for mortgage rates to drop?In this video, I break down what happened this week, why inflation matters so much to mortgage rates, why the Fed is staying patient, and why mortgage rates may stay higher or flatter for a while.More importantly, we’ll talk about what you should actually do next — whether you’re buying a home, thinking about refinancing, or just trying to understand when rates may finally improve.No hype. No panic. Just real data and practical advice.CHAPTERS00:00 Mortgage rates and the big question this week00:35 The Federal Reserve holds rates steady01:20 Why inflation at 3.5% changes the outlook02:10 The Fed wants 2% inflation — and we are not there yet03:00 Why rate cuts are unlikely right now03:55 What this means for mortgage rates04:45 Could rates stay flat for a while?05:35 What homebuyers should do next06:25 What homeowners and refinancers should watch07:15 Final takeaway: don’t wait without a plan🔗 NEXT STEPS🏠 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/contactTOP 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📊 Credit Monitoring — SmartCredit  https://www.smartcredit.com/?PID=42980📈 Free Credit Scores — Credit Karma  https://www.creditkarma.com/lp/free-credit-scores-v12aff?adcopy=0&adcampaign=core_acq_awinWelcome to The Rate Update with Dan Frio.I break down mortgage rates, housing, inflation, Treasury yields, Federal Reserve policy, and the economic news that impacts homebuyers, homeowners, real estate professionals, and anyone watching the housing market.My goal is simple: help you understand what’s happening, why it matters, and what you should do next.Whether you’re buying your first home, refinancing your current mortgage, comparing lenders, or trying to understand where rates may go next, you’re in the right place.FOLLOW THE RATE UPDATEYouTube  https://www.youtube.com/@TheRateUpdatewithDanFrioInstagram  https://instagram.com/therateupdateTikTok  https://tiktok.com/@therateupdate— DISCLAIMER —Dan Frio is a licensed mortgage loan officer in all 50 states and Puerto Rico, NMLS #246527, with TRU Mortgage Team / PBT Bancorp, NMLS #257781, an Equal Housing Lender.This channel and all content published by Dan Frio are provided for educational and informational purposes only. Nothing in this video, description, comments, calculators, tools, emails, websites, or linked content should be construed as an offer to lend, a commitment to lend, financial advice, legal advice, tax advice, or investment advice.Mortgage approvals, loan terms, interest rates, down payment requirements, and program availability are subject to change without notice and depend on borrower qualifications, including but not limited to credit score, income, assets, employment, property type, occupancy, appraisal, title, underwriting approval, and current lending guidelines.All opinions expressed are solely those of Dan Frio and do not necessarily reflect the views of PBT Bancorp, its affiliates, or any other institution.Use of this channel, watching videos, commenting, messaging, scheduling a consultation, or submitting information does not create a client relationship. All examples, payment scenarios, savings illustrations, and mortgage comparisons are for demonstration purposes only and should be independently verified.Not all borrowers will qualify. Equal Housing Lender.TRU Mortgage Team / PBT Bancorp  NMLS #257781  Dan Frio NMLS #246527  Equal Housing Lender