Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
Oil War Rages On, Wall Street Ignores It... Dow Nears 52,000
Mortgage rates, Federal Reserve, inflation, PCE report, oil prices, Iran conflict, Dow Jones, mortgage rate forecast — here's what moved rates today and what the Fed does next.The Fed just came out and the mortgage bond market took a wild ride because of it. Inflation on the PCE report came in better than expected at 3.3%, jobless claims stayed low, and the Dow is nearing 52,000... but the Fed is still showing a 60% chance of a rate hike at the next meeting. On top of that, the oil war overseas is still raging and could send rates jumping if it escalates. In this video I break down exactly…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.