As of yesterday afternoon, mortgage rates were right in line with the highest levels in more than a month. The upward momentum was largely a product of 2 specific days: the October 29th Fed announcement and yesterday's duo of economic reports that suggested less cause for concern over the labor market and strength of the services sector. Now today, we have different economic data telling a different story.  Were it not for the government shutdown, the market may have never placed nearly as much emphasis on today's data. In fact, today is the first time that many market participants have even heard of one of the reports (a synthetic jobs report by Revelio). Revelio's data suggested a decline in payrolls in October.  Combined with separate data that showed a surge in job cuts, there was a clearly negative message for the labor market. Bad economic news helps bonds which, in turn, is good for rates. All told, today's move completely erased yesterday's damage. The average mortgage lender made it almost all the way back down to last Friday's levels. [thirtyyearmortgagerates]

November 6, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% -0.08%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.04%   5.6% 6.59% 30 Yr. Jumbo 6.40% +0.00%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Nov 6, 2025 Nice Little Recovery For Mortgage Rates Thu, Nov 6, 2025 4:29PM As of yesterday afternoon, mortgage rates were right in line with the highest levels in more than a month. The upward momentum was largely a product of 2 specific days: the October 29th Fed announcement and yesterday's duo of economic reports that suggested less cause for concern over the labor market and strength of the services sector. Now today, we have different economic data telling a different story.  Were it not for the government shutdown, the market may have never placed nearly as much emphasis on today's data. In fact, today is the first time that many market participants have ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% -0.08 0.00 15 Yr. Fixed 5.82% -0.04 0.00 30 Yr. FHA 6.02% -0.07 0.00 30 Yr. Jumbo 6.40% 0.00 0.00 7/6 SOFR ARM 6.03% 0.00 0.00 30 Yr. VA 6.03% -0.07 0.00 Updates Daily - Last Update: 11/6 Freddie Mac Rate Change Points 30 Yr. Fixed 6.22% +0.05 0.00 15 Yr. Fixed 5.50% +0.09 0.00 Updates Weekly - Last Update: 11/6 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.53 +0.25   95.05 100.11 UMBS 30YR 5.5 101.05 +0.13   97.47 101.40 10 YR Treasury 4.085 -0.076   3.932 4.780 New Data Sources Bring New Inspiration Thu, Nov 6, 2025 10:49AM The shutdown has not only placed more emphasis on the alternative data that was already in the rotation, but also fueled interest in new sources. One that you'll likely hear more about in the coming months is Revelio Labs, a company using data aggregation and modeling to synthesize it's own version of nonfarm payrolls.  While it's far from an exact matc... (read more) MBS Price Change UMBS 4.5 97.52 +0.38 UMBS 5.0 99.53 +0.25 UMBS 5.5 101.05 +0.13 GNMA 4.5 97.60 +0.23 GNMA 5.0 99.75 +0.24 GNMA 5.5 100.84 +0.08 Pricing as of: 11/6 6:24PM EST US Treasury Yield Change 2 YR Treasury 3.557 -0.077 5 YR Treasury 3.682 -0.083 7 YR Treasury 3.870 -0.081 10 YR Treasury 4.085 -0.076 30 YR Treasury 4.680 -0.060 Pricing as of: 11/6 6:24PM EST Other News AI Processing, Borrower Experience and Targeting Tools; Labor Market is Being Pummeled Thu, Nov 6, 2025 11:51AM Frequent conference goers or traveling salespeople are obviously concerned about the Trump Administration cutting 10 percent of flights for a variety of reasons. 13,000 air traffic controllers and 50,000 Transportation Security Administration agents are working without pay. For anyone looking for a job through the Job Board, here’s a pro tip for a question i... (read more) Latest Video New York Fed: Household debt balance rises $197B to $18.6T Private payrolls rose 42,000 in October, more than expected and countering ... ISM non-manufacturing PMI comes in at 52.4 vs. 50.5 estimated S&P global U.S. services PMI comes in at 54.8 vs. 55.2 estimated Around the Web Bank of America The Institute Employment Report: October 2025 CNBC Treasury yields dip as Supreme Court justices cast legality doubts on Trump's tariffs Calculated Risk Blog 1st Look at Local Housing Markets in October CNBC Job cuts in October hit highest level for the month in 22 years, Challenger says Calculated Risk Blog Hotels: Occupancy Rate Decreased 2.6% Year-over-year Calculated Risk Blog Cotality: House Price Growth Slowed to 1.2% YoY in September Eye on Housing Bedrooms in New Single-Family Homes in 2024 Calculated Risk Blog ISM Services Index Increased to 52.4% in October; Prices Paid Very High; Employment in Contraction for Fifth Consecutive Month CNBC Private payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says Calculated Risk Blog Q3 NY Fed Report: Mortgage Originations by Credit Score, Foreclosures Increase Slightly CNBC Chicago Fed's Goolsbee says he's cautious about further rate cuts during shutdown Calculated Risk Blog MBA: Mortgage Applications Decrease in Latest Weekly Survey Eye on Housing Multifamily Developer Confidence Increases in Third Quarter, But Still in Negative Territory

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.