Mortgage Rates This Week: CPI, Oil & the Fed Could Change Everything

Mortgage rates are reacting to this week's inflation data, with oil prices above $82 a barrel and a weak ADP jobs report already moving the market. Dan Frio breaks down what CPI, PPI, and the Federal Reserve's next move mean for your mortgage rate, whether you're buying, refinancing, or watching from the sidelines.

Read more on the blog: https://www.therateupdate.com/blog

In this episode:

📊 ADP jobs report comes in at just 11,000 added, far below the 100,000 needed to keep pace
📉 Oil climbs above $82 a barrel, and why that number is the one to watch for mortgage rates
🏦 CPI and PPI inflation data drop Wednesday and Thursday, both flagged as potential rate movers
🏛️ Federal Reserve rate odds for the next meeting, and why they've flipped in recent weeks
🏠 What homebuyers, homeowners, and realtors should do right now given where rates sit

Dan Frio | NMLS #246527 | PBT Bancorp | NMLS #257781 | Equal Housing Lender | 524 Main St, Hazard, KY 41701. Mortgage products are originated by PBT Bancorp, NMLS #257781. Education and commentary only; not an offer or commitment to lend.