Strong October jobs report leaves mortgage rates flat at 7.17%
Payrolls grew by 165,000 in October and unemployment held at 4.1%, yet mortgage rates finished flat at 7.17%, HousingWire reported.
Key facts
- The Bureau of Labor Statistics reported that total nonfarm payrolls rose by 165,000 in October, with unemployment at 4.1%.
- The unemployment rate has fallen from 4.5% last year to 4.1% now, according to the article.
- The 10-year yield closed at 4.86%, and mortgage rates ended the day flat at 7.17%.
- Bond yields moved with AI stocks during the day, including CoreWeave, whose shares were up 10% before the market opened.
- Jobs were added in professional and business services, health care, and transportation and warehousing, while construction employment eased slightly.
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Read the original at HousingWire (opens in a new tab)
Source: Why didn’t the strong jobs report send mortgage rates skyrocketing? — HousingWire, November 6, 2026. Summary and commentary by RISE Community; read the full story at the source.
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