Don't Get Trapped: The Truth About San Diego Mortgage Rates Right Now

The market isn't expecting mortgage rates to drop. It's pricing in a rate hike — and most buyers don't even know it. Matt Kish from Movement Mortgage and I break down how the Iran war is running the mortgage market, why Kevin Warsh is trapped, and what the CME FedWatch tool is actually telling you about the second half of 2026. This month: why the 30-year hit its highest level in 9 months, what a rate lock is and why it matters right now, and the one scenario that could actually bring rates down. New mortgage market updates every month → Subscribe so you don't miss the next one. 📌 IN THIS VIDEO: Matt and I cover three things San Diego buyers need to know heading into summer 2026. First, where rates stand today — 30-year fixed at 6.60%, with the month's high hitting 6.75% around May 19th, the highest level in nine months — and what that swing looks like in real dollars on a typical San Diego purchase. Second, the Iran war rate chain: how the war pushed oil prices higher, drove CPI to 3.8% year over year with gas up 28%, spooked bond investors, and sent the 10-year Treasury yield — and your mortgage rate — upward. We also explain what a rate lock is and why it's a critical decision in a market this volatile. Third, why Kevin Warsh is trapped: inflation at 3.8%, unemployment at 4.3%, and the CME FedWatch tool showing 52% of the market expects the Fed funds rate to be higher by December — not lower. We explain why a premature Fed cut could actually push mortgage rates up, and what the real signal is that buyers should be watching for. 📝 My Preferred Lender, Matt Kish Movement Mortgage 📱 909-434-7091 📨 [email protected] Want to CONNECT with me Direclty? 📱 Call or Text: 619-829-2908 📨 Email: [email protected] 📅 Scheduler: https://bit.ly/SchedulewithKarl 💵 Looking for a High Yield Savings Account? Here is the one I use. My affiliate link: https://ally.com/referral?code=7Z7S2B... 💵Do you pay rent? Here is how you can HACK your rent payments for future rent credits or travel/vacations. It's call the BILT reward credit Card. Check out my affiliate link at: https://bilt.page/r/IQVI-PK5I Let's connect on social! Tik Tok: ➡︎ / KarlSanDiego IG: ➡︎ / KarlKyler YT: ➡︎ @KARLisMyRealtor As always, Karl Kyler Your San Diego Realtor DRE 01439839 Exp Realty of Southern California Inc #SanDiegoRealEstate #KarlSanDiego #MortgageRates2026 ⚠️ DISCLAIMER: The information in this video is for educational and informational purposes only and does not constitute financial, legal, or investment advice. Real estate markets are local and conditions change. Always consult a licensed real estate professional before making any real estate decisions. Karl Kyler is a licensed California real estate agent. DRE #01439839.