S2025 Ep312: The Rate Update — No He Didn’t: Powell STAYS at the Fed — What Happens to Mortgage Rates Now?

Fed Governor Powell Does NOT Step Down — What Next for the Fed, Mortgage Rates, Homebuyers & Homeowners?No he didn’t.Jerome Powell is stepping down as Federal Reserve chairman — but he is not leaving the Federal Reserve.In this video, I break down Powell’s rare decision to remain on the Federal Reserve Board of Governors after his chair term ends, why this matters for Fed independence, what it could mean for the next Fed chair, and how the bond market may react.And most importantly — what does this mean for mortgage rates, homebuyers, homeowners, and anyone waiting for rates to finally move lower?The Fed just held interest rates steady again, inflation remains a concern, energy prices are pressuring the economy, and the market is trying to figure out whether rate cuts are still coming — or whether mortgage rates could stay higher for longer.Today we’re covering:Why Powell is stepping down as chair but staying at the FedWhy this is historically rareWhat this means for the next Fed chairHow markets may reactWhy mortgage rates do not follow the Fed directlyWhat homebuyers and homeowners should watch nextWhether this changes the outlook for rate cuts and refinance opportunitiesThe big question now:Does Powell staying at the Fed create stability — or more uncertainty for mortgage rates?No hype. Just real data.Chapters00:00 No He Didn’t — Powell Is Not Leaving the Fed00:35 Powell Steps Down as Chair, But Stays as Governor01:25 Why This Fed Move Is Historically Rare02:20 What Powell Said About Not Being a “Shadow Chair”03:15 Why Fed Independence Is the Bigger Story04:20 What This Means for the Next Fed Chair05:30 The Fed Holds Rates Steady Again06:35 Inflation, Oil Prices, and the Fed’s Problem07:45 Why Mortgage Rates Don’t Follow the Fed Directly08:55 Treasury Yields, Bonds, and Market Reaction10:05 What Homebuyers Should Watch Next11:15 What Homeowners and Refinancers Should Do Now12:25 Final Takeaway: Stability or More Rate Uncertainty?🔗 NEXT STEPS🏠 Ready to Buy or Refinance? Get Pre-Approvedhttps://257781.my1003app.com/246527/register📅 Want to Talk Through Your Options? Schedule a Consultationhttps://calendly.com/d/cq29-7xd-x3v/the-frio-team?month=2025-05✉️ Have Questions? Contact / Ask Danhttps://www.therateupdate.com/contactTOP RESOURCES📉 Track Mortgage Rates Automatically → https://rw2.therateupdate.com/🏠 TRU Mortgage Command Center → https://command.therateupdate.com/💳 TRU Debt Optimizer → https://debtrelief.therateupdate.com/🧮 Mortgage Calculators & Tools → https://stan.store/TRU-Foundations📊 Credit Monitoring (SmartCredit) → https://www.smartcredit.com/?PID=42980📈 Free Credit Scores (Credit Karma) → https://www.creditkarma.com/lp/free-credit-scores-v12aff?adcopy=0&adcampaign=core_acq_awinWelcome to The Rate Update with Dan Frio.I break down mortgage rates, housing, inflation, Treasury yields, Federal Reserve policy, and the economic news that impacts homebuyers, homeowners, real estate professionals, and anyone watching the housing market.My goal is simple: help you understand what’s happening, why it matters, and what you should do next.FOLLOW THE RATE UPDATEYouTube → https://www.youtube.com/@TheRateUpdatewithDanFrioInstagram → https://instagram.com/therateupdateTikTok → https://tiktok.com/@therateupdate#MortgageRates #FederalReserve #JeromePowell #FedDecision #Homebuyers #HousingMarket #TheRateUpdate— DISCLAIMER —Dan Frio is a licensed mortgage loan officer in all 50 states and Puerto Rico (NMLS #246527) with TRU Mortgage Team / PBT Bancorp (NMLS #257781), an Equal Housing Lender.This channel and all content published by Dan Frio are provided for educational and informational purposes only. Nothing in this video, description, comments, calculators, tools, emails, websites, or linked content should be construed as an offer to lend, a commitment to lend, financial advice, legal advice, tax advice, or investment advice.Mortgage approvals, loan terms, interest rates, down