Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
BREAKING: Home Sales Are Plunging, Will Mortgage Rates Hit 7% Again?
Pending home sales fell 2.3% in July with declines in every region, the lowest level since January. I break down what that means for mortgage rates, oil prices, and the Fed heading into today's FOMC minutes.In today's episode I cover: 🏠 Pending home sales drop 2.3% month over month, down 2.2% year over year, per the National Association of Realtors 📊 Why today's mortgage bond (MBS) chart is up 14 ticks, and what that means for your rate 🛢️ Oil prices ticking between 85 and 90 dollars a barrel and why that matters for inflation 🏦 What today's FOMC meeting minutes could reveal about the Fed's…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.