INTEREST RATES

10 Year T-Note 180-day snapshot

Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org

⏱️ Rates in 60 Seconds

Rates moved higher last week as markets headed into a heavy jobs week.

What’s driving it

• Mortgage bonds sold off as investors positioned ahead of key labor data

• Jobless claims continue to understate weakness by excluding gig workers, self-employed borrowers, and long-term unemployed whose benefits have expired

🏛 Fed backdrop

• Fed Governor Waller says policy remains restrictive

• Inflation excluding tariffs is near the Fed’s 2% target

• Rate cuts remain possible, but markets want confirmation from jobs data

📆 This week

• Friday’s Jobs Report is the primary driver for near-term rate direction

🧠 Realtor insight

• Weaker jobs data supports lower rates

• Strong data keeps upward pressure on rates