Negative jobs report keeps mortgage rates calm amid surging oil prices
BLS reported payrolls down 92,000 and unemployment at 4.4%, as oil touched $92 and the 10-year yield reversed to near 4.12%.
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Shocking jobs report sends mortgage rates falling to new yearly lows
Today's jobs report miss has sent mortgage rates falling because the Federal Reserve was wrong about the labor market.
Read MoreMortgage 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.
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.
Read MoreWhat’s Fed Chair Jerome Powell’s next move on rate cuts?
After the jobs report and new trade deal deadlines, what will Fed Chairman Jerome Powell do at the next Fed meeting?
Read MoreUS stocks drop as blowout jobs report sends Treasury yields soaring
The 10-year yield spiked as much as 14 basis points to 4.85% after the Labor Department reported that 336,000 new jobs were added in September.
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