Mortgage Rates Just Got CPI Relief—but Will It Last?

Mortgage rates jumped to 7% this week after hot inflation data, and the Federal Reserve now has a 70% chance of raising rates at next week's meeting. I break down this week's CPI and PPI reports, what the bond market is doing right now, and why oil prices are the number to watch next.

📊 This week's CPI and PPI inflation numbers, and where they missed (or hit) expectations

📈 Why the bond market moved the way it did, plus where it's sitting right now

🛢️ How oil, tariffs, and diesel prices near $6/gallon fed into this rate spike

🏦 Why there's a 70% chance the Fed hikes rates at next week's meeting

🔑 What I'm telling my own clients under contract right now: lock or float

📝 Full breakdown on the blog: https://www.therateupdate.com/blog

⏱️ CHAPTERS

0:00 Rates hit 7%: how we got here

1:45 This week's PPI and CPI numbers explained

4:15 Oil, tariffs, and the inflation chain reaction

6:45 Fed meeting outlook: 70% odds of a hike