fromwww.housingwire.com
1 day agoMortgage rates drop to 11-month low after weak ADP jobs print
Current 30-year fixed mortgage rates are at 6.45% according to Mortgage News Daily, marking an 11-month low. Mortgage rates reached a high this week of 6.53% and are now down 8 basis points from those levels after two softer labor reports: the job openings report on Wednesday and today's ADP jobs report. Recent reports have indicated a softening labor market, as evidenced by the July BLS Nonfarm Payroll report and continuing jobless claims, which reached a three-year high in 2025.
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