Today was an odd one for mortgage rates. Anyone who's been following the rate market for very long will tell you that the monthly jobs report is one of the most reliable source of volatility for rates. In general, when job growth is much stronger than expected, rates rise and vice versa. But in today's case, rates managed to hold perfectly flat despite the jobs report absolutely crushing expectations. Understand that no one who is offering a reason for this would have predicted this result if they knew the jobs numbers ahead of time and were simply asked to predict how rates would react. In other words, the only reason you're getting their explanations is because the paradoxical market reaction demanded a different narrative. The only things that were true both before and after the jobs report were as follows: The Fed recently said it was almost exclusively focused on the inflation side of its dual mandate (stable prices + maximum employment). Bonds/rates have been preoccupied taking cues from concerns about the tech sector and heavy selling in tech stocks. Bonds/rates/stocks are still in the process of making sense of this week's election results. Markets have been more interested in the unemployment rate component of the jobs report than the payroll count (it was the latter that really surged in today's data).  None of these bullet points would have fully predicted the paradoxical resilience in rates today, but they perhaps help get us close to wrapping our minds around it. At the end of the day, the average lender was right in line with yesterday's levels--the lowest since September 22nd.  [thirtyyearmortgagerates]

November 6, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.17% +0.00%   5.99% 7.61% 15 Yr. Fixed 6.83% +0.03%   5.55% 7.23% 30 Yr. Jumbo 7.38% +0.01%   6.26% 7.71% Compare Mortgage Rates from Local Lenders for Nov 6, 2026 Mortgage Rates Hold Steady at Lows Despite Stronger Jobs Report Fri, Nov 6, 2026 3:06PM Today was an odd one for mortgage rates. Anyone who's been following the rate market for very long will tell you that the monthly jobs report is one of the most reliable source of volatility for rates. In general, when job growth is much stronger than expected, rates rise and vice versa. But in today's case, rates managed to hold perfectly flat despite the jobs report absolutely crushing expectations. Understand that no one who is offering a reason for this would have predicted this result if they knew the jobs numbers ahead of time and were simply asked to predict how rates would react. In o... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.17% 0.00 0.00 15 Yr. Fixed 6.83% +0.03 0.00 30 Yr. FHA 6.82% +0.02 0.00 30 Yr. Jumbo 7.38% +0.01 0.00 7/6 SOFR ARM 6.50% -0.16 0.00 30 Yr. VA 6.84% +0.02 0.00 Updates Daily - Last Update: 11/6 Freddie Mac Rate Change Points 30 Yr. Fixed 7.18% -0.06 0.00 15 Yr. Fixed 6.57% -0.03 0.00 Updates Weekly - Last Update: 11/5 Mortgage Bankers Assoc. 30 Yr. Fixed 7.30% -0.07 0.75 15 Yr. Fixed 6.76% +0.06 0.98 30 Yr. Jumbo 7.20% -0.08 0.48 Updates Weekly - Last Update: 11/4 UMBS 30YR 6.0 100.29 -0.06   97.78 102.75 UMBS 30YR 6.5 101.94 -0.05   100.34 104.00 10 YR Treasury 4.860 +0.025   3.948 5.318 Super Strong Jobs Report NOT Hitting Bonds Like You'd Expect Fri, Nov 6, 2026 9:25AM Nonfarm payrolls came in 100k higher than forecast and the unemployment dropped even as the participation rate moved higher. That's a recipe for a bond market sell-off if we ever saw one. But apart from an initial knee-jerk sell-off, yields returned back in line with pre-NFP levels within 8 minutes and haven't moved much since then. What gives? Well... we ... (read more) Other News DPA, HELOC, Agent Assistance, UAD 3.6 Tools; Funded Loan Data; Credit Modernization, or Just Noise? Fri, Nov 6, 2026 11:45AM Lender and Broker Products, Services, and Software Your borrower relationship shouldn’t end at the closing table. Homeowners’ financial needs continue long after they get their first mortgage, but the lender relationship often does not. That creates an opportunity for mortgage professionals to support needs throughout the homeowner lifecycle. Finance of Am... (read more) Latest Video U.S. economy added 165,000 jobs in October, way more than expected; unemplo... Outside of a big pullback in rates, don't see housing demand picture changi... October jobs report suggests economy is healthy, says former Minneapolis Fe... San Francisco Fed president on jobs report: This is good news for American ... Around the Web Realtor.com New Laws Could Add an Estimated 103,000 Homes a Year, Study Finds Investing Live US October non-farm payrolls +165K vs +65K expected Investing Live Microsoft is reportedly winding down it's Oracle deal to wind down AI cloud capacity CNBC San Francisco Fed President Daly says higher rates 'are likely to be needed' in inflation fight CNBC Banks are turning cautious on lending, according to the Fed. What it means for the economy CNBC The AI credit card is getting costlier as CoreWeave bond yield tops 16% CNBC Barkin sees interest rate hikes ahead, but at a gradual pace Investing Live November US UMich prelim consumer sentiment 51.0 vs 48.0 expected CNBC Treasury yields inch higher as investors look ahead to key jobs data Investing Live Nasdaq Composite breaks the July low in 5.5% rout Eye on Housing Hiring Rebounds in October, but Residential Construction Employment Declines Investing Live Fed's Hammack: Gradual rate hikes are the best way to get inflation to target Eye on Housing Multifamily Developer Confidence Weakens in Third Quarter

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