Congress Passes Housing Bill While Mortgage Rates Hit New Highs—Here's Why

Mortgage rates just surged again this week, even as the latest inflation data came in largely in line with expectations. So what’s really driving mortgage rates higher?In today’s episode of The Rate Update, we break down the major forces moving the housing and mortgage markets right now:• Congress just passed a major housing bill — the 21st Century ROAD to Housing Act• Mortgage rates are spiking to new highs again• The Iran conflict is escalating, pushing oil toward $100 per barrel• Inflation pressures from energy could keep rates elevated• The Federal Reserve meets next week, and the bond market is already reactingWe'll walk through what all of this means for:🏠 Homebuyers🏠 Homeowners🏠 Real estate investors🏠 Anyone watching mortgage ratesIs this housing bill truly a major step forward for housing affordability — or just political theater heading into election season?And more importantly… where are mortgage rates likely headed next?Let's break it all down.🔔 Start Here📈 RateWatch 2.1 — Get Notified When Mortgage Rates or Payments Hit Your Target👉 https://www.therateupdate.com/rate-watch📞 Schedule a Free Mortgage Strategy Call👉 https://calendly.com/d/cq29-7xd-x3v/the-frio-team?month=2025-05📝 Apply for a Mortgage — One Application • One Credit Pull • 30+ Lenders👉 https://257781.my1003app.com/246527/register🧮 TRU Mortgage Calculator Toolkit👉 https://stan.store/TRU-FoundationsProfessional mortgage calculators used by loan officers and homebuyers:• Home Affordability Calculator• Refinance & Debt Consolidation Analyzer• Cost-of-Waiting™ Calculator• Break-Even & ROI Mortgage CalculatorPerfect for homebuyers, homeowners, and real estate investors who want to analyze mortgage scenarios like a professional.📲 Follow The Rate UpdateYouTubehttps://www.youtube.com/@TheRateUpdatewithDanFrioInstagramhttps://instagram.com/therateupdateTikTokhttps://tiktok.com/@therateupdateFacebookhttps://facebook.com/therateupdateLinkedInhttps://www.linkedin.com/in/danfrio⏱ Chapters0:00 Mortgage Rates Jump Again0:42 Major Housing Bill Passed in Congress2:10 What Is the 21st Century ROAD to Housing Act?4:05 Why Mortgage Rates Spiked This Week5:32 Iran Conflict & Oil Near $1007:00 How Energy Inflation Impacts Mortgage