The Rate Update With Dan Frio

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The Rate Update With Dan Frio Mortgage rates and housing market analysis from Dan Frio, 38 years in the business.

Dan Frio | NMLS #246527 | PBT Bancorp | NMLS #257781 | Member FDIC | Equal Housing Lender

10/06/2026

Rates are at 7.4%, but where are they headed? Affordability is a major concern. We're diving deep into the housing market predictions for 2026, looking back at historical data like 1981 when mortgage rates were nearly 20%.

10/06/2026

With sky-high inflation and a recent weak jobs report, all eyes are on the Federal Reserve's upcoming meeting in 23 days. Markets are buzzing with speculation. Will they hike rates? The odds are surprisingly low for the next meeting.

10/06/2026

In 2021, mortgage rates hit historic lows. Many waited for a crash, but rates are now 7.7%. Buying a $500k home at 2.75% meant a $1,600 payment. Today, that same house costs $2,700. The difference in monthly payments is staggering.

10/06/2026

In 1981, mortgage rates were nearly 20%. What caused such market disparity? Inflation spiraled out of control in the '60s, exacerbated by the 1970s oil embargo. Long gas lines became a common sight. To combat soaring inflation, Fed chair Paul Volcker dramatically increased interest rates, a drastic measure to regain control.

10/05/2026

Homeowners and realtors are asking: where are rates going? If they don't drop, houses could crash. But understanding past rates puts today's concerns into perspective. Imagine qualifying for a mortgage at 18%!

10/05/2026

When the Federal Reserve sees high inflation, they raise rates. This directly impacts interbank lending and then trickles down to consumers. Higher rates mean increases for personal loans, credit cards, car loans, and significantly, mortgage rates. The bond market reacts strongly to this news.

10/05/2026

When comparing loans, most people focus on interest rates. But there are essential fees you can't negotiate, like appraisal, credit report, and flood certificate costs. These are often set by third parties and are consistent nationwide.

10/04/2026

See how mortgage insurance drops off your payment over time. This section breaks down years 1 through X and X through 30, explaining when that coverage ends. It also details other payment components like estimated taxes, homeowners insurance, and escrow pieces.

10/04/2026

Closing costs can be confusing, especially the 'prepaids' section. This covers interest from closing day to the end of the month. The 'sketchy' section often includes escrows for taxes and insurance, which become part of your monthly mortgage payment.

10/04/2026

This section breaks down the costs involved in transferring property ownership and associated homeownership expenses. It covers recording fees for filing your mortgage and deed at the courthouse.

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