Mortgage Rates Hold as Jobs Surge

Mortgage rates dipped slightly to 6.37% for a 30-year fixed loan, but don’t expect big drops anytime soon—economic signals are mixed. Job openings hit a 12-month high, but hiring slowed and quits dropped, hinting at market hesitation. Meanwhile, both the ADP and official jobs reports delivered strong numbers, boosting confidence in the labor market. With inflation still stubborn and the Fed likely to hold—or even raise—rates, mortgage rates are stuck in a holding pattern until the new Fed chair reshapes policy. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4c3eb3da1145d5ba