Mortgage Rates Little Changed Ahead of Big Jobs Report
It's been a remarkably calm week for mortgage rates, and a fairly decent one relative to several recent examples. The average top tier 30yr fixed rate hovered just over 7% for most of November before breaking back into the high 6% range at the beginning of last week. Since then, there haven't been any "bad days" for the mortgage market, even if we're still a long way from the low rates of September. If rates can't be as low as we might like them to be, the next best thing is for them to be stable and they've done exceedingly well on that front. Since last Friday, the average top tier 30yr fixed rate hasn't moved more than 0.02% on any given day. Today was the least volatile as there was no change versus yesterday's latest levels. This little "ledge" in the high 6% range corresponds to a similar ledge in 10yr Treasury yields at 4.17%. Both are arguably bracing for impact from tomorrow's big jobs report. Said "impact" could either help or hurt, depending on the outcome of the data. In general, the lower the job count, the better it would be for rates, and vice versa.
Categories
Recent Posts

Mortgage Rates Drift Modestly Higher

Highest Mortgage Rates in Just Over a Week

Why Mortgage Rates Didn't Fall as Much as 30yr Bonds Today

Mortgage Rates Continue Higher Despite Bond Market Improvement

Mortgage Rates Start Week Higher

Mortgage Rates Slightly Higher to End The Week

Lowest Mortgage Rates in Nearly 4 Weeks

Mortgage Rates Back at 3 Week Lows

Mortgage Rates Sideways to Slightly Higher

Mortgage Rates Rise Modestly From 3 Week Lows

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
