Home›Real Estate›Mortgages›Mortgage rates tick higher after jobs report beats exp…

Mortgage rates tick higher after jobs report beats expectations

Despite a large employment surprise, average top-tier 30-year fixed rates rose only modestly and stayed below recent long-term highs.

Reported · Written up by our desk · Mortgages

Mortgage News Daily reports mortgage rates moved only modestly after a Labor Department jobs report that came in much stronger than expected.

The report showed 162,000 new jobs created, versus a median forecast of 56,000, which in past cycles often pushed mortgage rates higher.

Still, the outlet says the employment figure had a smaller impact than many rate watchers might have expected.

Average top-tier 30-year fixed rates edged higher but remained safely below the long-term highs seen on Wednesday.

More like this

Sources