Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
The Rate Update —Mortgage Rates Spiked 51 Basis Points—Here's the Oil and Geopolitics Behind It
Hey — Dan Frio here, licensed mortgage loan officer in all 50 states and Puerto Rico.Mortgage rates just made a massive move — 5.99% to 6.5% in just DAYS… and it’s NOT random.Here’s what’s driving it:👉 Oil prices surging👉 Inflation fears rising👉 Global tensions escalating (Strait of Hormuz risk)And now we have a 5-DAY WINDOW that could change everything.If oil spikes → inflation rises → mortgage rates go HIGHERIf tensions ease → markets rally → rates could DROP FASTThis is one of those rare “lock vs float” moments where timing matters.Today, I break down exactly what’s happening — and what…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.