Mortgage Rates Plummet Back to Fall 2024 Levels

It's a well-known fact that the monthly jobs report is more capable of causing big reactions in rates than any other economic data. It happened last month in grand fashion, and it is happening again this morning.  Nonfarm Payrolls (NFP), which is a count of new jobs created, came in at a mere

Want to Sell Your Home? Start Early: Realtor.com® Report Finds Equity Is High, But Success Requires Planning

Mortgage Rates Hit Another 2025 Low Ahead of a Potentially Volatile Friday

The jobs report is the most important scheduled event each month as far as interest rates are concerned. The last installment helped get the average 30yr fixed rate down from 6.75 to 6.50 because it came out much weaker than expected (in addition to revising the previous two months lower as well).

Mortgage Rates Officially Hit 11-Month Low

October 3rd is a date that has come up many times in the past month of mortgage rate coverage. That's because there's been a veritable chasm between the rates on that day and every other day since then. Why? October 4th's jobs report caused an uncommonly large rate spike with the 30yr fixed average