Why are Mortgage Rates LOWER Than Last Year? [r3ewnMmRjyz]
The Fed has a new boss — and his first meeting as Chair is next week. In this week's market update, I break down what it means for mortgage rates, plus the housing numbers everyone should be watching. In this video: ✅ May inflation: what's really driving the 4.2% number ✅ The Fed meets June 16–17 — Kevin Warsh's first meeting as Chair ✅ 30-year fixed at 6.52% — down from 6.84% a year ago ✅ Home sales hit their strongest pace since December ✅ Inventory climbs to 1.55 million homes — what it means for buyers AND sellers ✅ Oil hits a 2-month low — why that's good news for rates Will the Federal Reserve decision push mortgage rates higher? We analyze the latest inflation data to see how consumer prices are shifting and what it means for your home loan prospects. If you are tracking the current economic climate, this breakdown clarifies the key indicators to watch. Subscribe for regular market updates and share your thoughts on the current rates below. ⏱ CHAPTERS 0:00 – The Fed's new boss 0:20 – Inflation update 0:50 – Fed meeting preview (June 16–17) 1:20 – Mortgage rates & housing market 1:50 – What buyers and realtors should do now 2:10 – Get pre-approved 🏠 Ready to buy? Get pre-approved in minutes: www.homeloansbakersfield.com Dan Ardis | Senior Mortgage Broker | NMLS #1412272 Barrett Financial Group, L.L.C. | NMLS #181106 Licensed in CA, TX, AR — lending nationwide. Equal Housing Opportunity.