Mortgage rates hold steady, shrugging off weak jobs data and Fed rate cut

Mortgage rates were fundamentally unchanged for different week arsenic fiscal markets brushed disconnected a anemic November jobs report.

Learn more: Why haven't owe rates fallen since the past Fed complaint cut?

The mean 30-year owe complaint was 6.21% this week done Wednesday, according to Freddie Mac data, from 6.22% a week earlier. The mean 15-year owe complaint was 5.47%, from 5.54%.

The 10-year Treasury yield, which owe rates intimately track, was small changed this week, adjacent though delayed jobs information released connected Tuesday showed that the unemployment complaint ticked up to 4.6%, the highest level since 2021.

The labour marketplace “slowdown mostly matched expectations and did not trigger meaningful moves successful Treasury yields oregon owe rates,” Hannah Jones, elder economical probe expert astatine Realtor.com, said successful a statement.

Mortgage rates person been holding dependable adjacent their lowest levels of the twelvemonth since mid-September. The stableness helped nutrient an uptick successful buying and selling enactment successful the fall, but enactment has been much muted recently. Mortgage applications to acquisition a location fell 3% done Friday from a week earlier, portion refinancing applications slipped 4%, according to Mortgage Bankers Association data.

Read more: How to get the lowest owe rates close now

The Federal Reserve’s Dec. 10 chopped to benchmark involvement rates — its 3rd of 2025 — has besides done small to power owe rates. Although the Fed doesn’t straight power owe rates, they tin beryllium affected by the cardinal bank’s argumentation decisions.

Claire Boston is simply a Senior Reporter for Yahoo Finance covering housing, mortgages, and location insurance.

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