Mortgage Rates Hold Steady This Week Despite Strong Jobs Report
Mortgage rates remained mostly flat this week, offering some stability for homebuyers and homeowners keeping an eye on the market. A stronger-than-expected jobs report released today had minimal impact on rates, showing that markets had already priced in the strength of the labor market.
After weeks of volatility, mortgage rates have found some footing. While today’s job numbers were solid—signaling continued economic resilience—they didn’t move rates much. This suggests investors are waiting for more decisive economic data before making big adjustments.
Looking ahead, If inflation shows signs of cooling, we could see downward pressure on mortgage rates. But if it remains stubbornly high, rates may edge up again. Stay tuned, and be ready to lock a rate if the market shifts in your favor.
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