Mortgage rates have a long and storied past with the monthly jobs report. Officially titled "The Employment Situation," the Bureau of Labor Statistics' (BLS) jobs report has more power than any other monthly economic report to cause volatility in the rate market over the years. It may have lost some of that capability over the past few years, but it's always worthy of respect. With that in mind, it was an ominous sign for rates when this morning's jobs data came in MUCH stronger than expected. BLS counted 162k new jobs created compared to a median forecast of 56k. On many occasions in the past, the result of such a "beat" would have been a substantial increase in mortgage rates. These days, however, the job count carries a bit less weight than it used to for a variety of reasons. It definitely had an impact today, but a much smaller impact than career rate-watchers may have expected. Average top-tier 30yr fixed rates moved only modestly higher and remained safely below the long-term highs seen on Wednesday. [thirtyyearmortgagerates]

September 4, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.89% +0.01%   5.99% 6.91% 15 Yr. Fixed 6.49% +0.01%   5.55% 6.5% 30 Yr. Jumbo 7.06% +0.01%   6.1% 7.06% Compare Mortgage Rates from Local Lenders for Sep 4, 2026 Rates Only Slightly Higher Despite Strong Jobs Report Fri, Sep 4, 2026 2:49PM Mortgage rates have a long and storied past with the monthly jobs report. Officially titled "The Employment Situation," the Bureau of Labor Statistics' (BLS) jobs report has more power than any other monthly economic report to cause volatility in the rate market over the years. It may have lost some of that capability over the past few years, but it's always worthy of respect. With that in mind, it was an ominous sign for rates when this morning's jobs data came in MUCH stronger than expected. BLS counted 162k new jobs created compared to a median forecast of 56k. On many occasions in the pas... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.89% +0.01 0.00 15 Yr. Fixed 6.49% +0.01 0.00 30 Yr. FHA 6.44% 0.00 0.00 30 Yr. Jumbo 7.06% +0.01 0.00 7/6 SOFR ARM 6.53% +0.06 0.00 30 Yr. VA 6.46% 0.00 0.00 Updates Daily - Last Update: 9/4 Freddie Mac Rate Change Points 30 Yr. Fixed 6.71% +0.05 0.00 15 Yr. Fixed 6.04% +0.06 0.00 Updates Weekly - Last Update: 9/3 Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% +0.01 0.65 15 Yr. Fixed 6.14% +0.04 0.86 30 Yr. Jumbo 6.76% +0.03 0.40 Updates Weekly - Last Update: 9/2 UMBS 30YR 5.5 98.84 -0.11   98.67 101.64 UMBS 30YR 6.0 101.03 -0.04   100.90 102.75 10 YR Treasury 4.783 +0.014   3.948 4.803 Bonds Only Moderately Higher After Balmy NFP Fri, Sep 4, 2026 8:42AM The jobs count surged higher (162k vs 56k f'cast) in this morning's jobs report. While such wild divergences will have the masses crying foul, and while this is a large beat, it's not the first time that the headline job count has been this far off forecasts. This is especially understandable amid recent volatility in labor force composition. One minor savin... (read more) MBS Price Change UMBS 5.0 96.36 -0.10 UMBS 5.5 98.85 -0.10 UMBS 6.0 101.04 -0.03 GNMA 5.0 96.63 -0.14 GNMA 5.5 99.03 -0.21 GNMA 6.0 101.14 -0.10 Pricing as of: 9/4 4:28PM EST US Treasury Yield Change 2 YR Treasury 4.375 +0.032 5 YR Treasury 4.545 +0.026 7 YR Treasury 4.653 +0.018 10 YR Treasury 4.781 +0.012 30 YR Treasury 5.244 -0.005 Pricing as of: 9/4 4:28PM EST Other News U/W, LOS/TPO, Workflow Automation, AI Risk, Education Tools; MBS and MSR Trends Fri, Sep 4, 2026 11:47AM Make sure that your air conditioning is in good condition, as well as clients’. Loan servicers are wondering about their collateral: “Heat in the oceans releases more slowly into the atmosphere, pushing up global temperatures the following year. The powerful 2023-24 El Nino contributed to 2024 being the warmest year on record, and we should not be surprised ... (read more) Latest Video U.S. payrolls rose 162,000 in August, much more than expected; unemployment... Fed Governor Waller indicates he will support holding rates steady at Septe... ISM non-manufacturing PMI comes in at 55.4 in August, beating expectations Fed's Beige Book reports economic activity increased modestly Around the Web CNBC Trump tells Fed to slash rates or he'll end trade with countries with U.S. surpluses Investing Live Cleveland Fed President Beth Hammack is sounding decidedly hawkish on monetary policy Eye on Housing New vs. Existing Home Prices: What the National Median Misses CNBC U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1% CNBC Global bond sell-off likely not over yet, Mohamed El-Erian tells CNBC CNBC Fed Governor Waller indicates he will support holding rates steady at September meeting S&P Global Activity and new business intakes rise at fastest rates since end of 2024 CNBC Treasurys steady ahead of key nonfarm payrolls and unemployment data Investing Live US trade deficit widens sharply in July as AI-related imports surge Investing Live Preview: August non-farm payrolls by the numbers Federal Reserve Waller, The Economic Outlook and Some Comments on My PolicyCommunication BLS Job openings rate little changed at 4.4 percent in July 2026 Investing Live US Initial Jobless claims 206K vs 205K estimate

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