Back to top

【Zillow】Mortgage Rates Rise Bucking Jobs Report Trend

【Zillow】Mortgage Rates Rise Bucking Jobs Report Trend


Mortgage rates rose this week, moving higher even as the August jobs report came in well below expectations.

The jobs report tends to receive the most attention each month, and usually has some influence on mortgage rate movements. A weak report tends to nudge mortgage rates down, and a strong report pushes them upwards. However, the dynamic that followed the August report, which was released last Friday, bucked the typical trend as bond yields and mortgage rates rose upward following the disappointing report.

read more