Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
Fed’s Preferred Inflation Gauge Ticks Up as GDP Crashes — Mortgage Rates React
Today’s report delivered a mixed signal that markets don’t like:📉 Economic growth just fell sharply📈 Core PCE — the Fed’s preferred inflation gauge — moved higherThat combination matters.When growth slows but inflation stays sticky, bond markets reprice fast.And when the 10-Year Treasury and MBS move… mortgage rates follow.In this episode, we break down:• What the GDP print actually means• Why Core PCE matters more than CPI• How the 10-Year Treasury reacted• What happened to mortgage-backed securities (MBS)• What this means for locking vs. floatingWe don’t speculate.We follow the data.If…
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