Mortgage Rates Are CLIMBING Toward 7%: Homebuyers, Here's Why

Mortgage rates are climbing toward 7%, not the 5.99% many expected. I break down why: oil prices, global bond yields, AI debt, and the Fed's next move, plus what it means for your monthly payment.

📉 Why falling bond prices mean rising mortgage rates

🛢️ Oil above $90 a barrel and why that's inflationary

🌍 Global bond yields from Australia to the UK to Japan, and how they pull on your rate

🤖 How AI companies issuing their own bonds are adding to the debt pushing rates up

🏦 The Fed meets in 15 days, with a 65% chance of another rate hike

💵 What this actually costs you: more per month on a $300K, $400K, or $500K home

Get the full breakdown and charts on the blog: therateupdate.com/blog

⏱️ Chapters

0:00 Intro: Why Rates Are Near 7% Instead of 5.99%

1:20 Bond Prices, Yields, and What Red Numbers Mean

3:15 Global Debt and the AI Bond Boom