Mortgage rates hit lowest levels of 2025
Following Friday's jobs report, the 10-year yield dipped slightly on Monday. As a result, mortgage rates have reached a new low for 2025.
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Mortgage rates fell 0.18% last week, breaking below the key threshold of 6.64%. How much lower can they go?
Read MoreJuly jobs report miss puts September rate cuts in play
I believe that if the Federal Reserve had this jobs report in hand two weeks ago, they would have cut rates in the last meeting.
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Read MoreHome insurance rates are cooling — but they’ve jumped 45% since 2022
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