{"id":196145,"date":"2025-10-02T02:20:07","date_gmt":"2025-10-02T02:20:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/196145\/"},"modified":"2025-10-02T02:20:07","modified_gmt":"2025-10-02T02:20:07","slug":"mortgage-rates-remain-unchanged-after-downbeat-employment-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/196145\/","title":{"rendered":"Mortgage Rates Remain Unchanged After Downbeat Employment Report"},"content":{"rendered":"<p><a href=\"https:\/\/www.mortgagenewsdaily.com\/mortgage-rates\" rel=\"nofollow noopener\" target=\"_blank\">Mortgage rates<\/a> are based on bonds and bonds take cues from economic data. Employment-related data is particularly important. The monthly jobs report from the Department of Labor is in a league of its own in that regard, and while we won&#8217;t get that this week due to the shutdown, this morning brought the release of a similar private sector report.\u00a0<\/p>\n<p>The ADP Employment report showed the job count dropping by 32k&#8211;well short of the forecast for a 50k increase.\u00a0 In addition, the previous month&#8217;s 54k was revised down to -3k. Bonds responded immediately and generally moved back in line with the stronger levels from yesterday morning.<\/p>\n<p>As such, mortgage rates were able to start the day right in line with yesterday&#8217;s opening levels. The average 30yr fixed rate has been very flat for nearly 2 weeks now. The biggest risk\/opportunity for a meaningful change would follow the eventual release of the jobs report, but that date is TBD for now.<\/p>\n","protected":false},"excerpt":{"rendered":"Mortgage rates are based on bonds and bonds take cues from economic data. Employment-related data is particularly important.&hellip;\n","protected":false},"author":2,"featured_media":196146,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-196145","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/196145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=196145"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/196145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/196146"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=196145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=196145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=196145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}