{"id":1505,"date":"2025-09-04T03:04:49","date_gmt":"2025-09-04T03:04:49","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/mortgage-rates-officially-hit-11-month-low\/"},"modified":"2025-09-04T03:04:49","modified_gmt":"2025-09-04T03:04:49","slug":"mortgage-rates-officially-hit-11-month-low","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/mortgage-rates-officially-hit-11-month-low\/","title":{"rendered":"Mortgage Rates Officially Hit 11-Month Low"},"content":{"rendered":"<p> <\/p>\n<div>\n<p>October 3rd is a date that has come up many times in the past month of mortgage rate coverage. That&#8217;s because there&#8217;s been a veritable chasm between the rates on that day and every other day since then. Why? October 4th&#8217;s jobs report caused an uncommonly large rate spike with the 30yr fixed average moving from 6.26 to 6.53 in a single day.\u00a0 And that was just the beginning.<\/p>\n<p>October 4th kicked off a rising rate trend that ultimately saw 30yr fixed rates move over 7.25% in January. While those highs proved to be temporary, rates have generally held in the high 6&#8217;s until the August 1st jobs report. The weaker labor market reading helped get the average 30yr rate back into the 6.5s&#8211;the lowest range since October.\u00a0<\/p>\n<p>On several occasions over the past few weeks, rates were able to claim the title of &#8220;lowest in 10+ months.&#8221;\u00a0 But now that the calendar has ticked to September 3rd, any additional improvement means we&#8217;re at the lowest rates in 11 months.<\/p>\n<p><iframe class=\"article-chart\" src=\"https:\/\/www.mortgagenewsdaily.com\/charts\/embed\/mtg-rates-thirty-year-full\"><\/iframe><\/p>\n<p>While that&#8217;s great news in the big picture, the day-over-day change is fairly small.\u00a0 The average borrower may not see much of a change from yesterday&#8217;s levels.\u00a0 Bigger moves are possible this week&#8211;especially after Friday&#8217;s jobs report&#8211;but it&#8217;s important to remember that those moves can play out in either direction, depending on the tone of the data.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>October 3rd is a date that has come up many times in the past month of mortgage rate coverage. That&#8217;s because there&#8217;s been a veritable chasm between the rates on that day and every other day since then. Why? October 4th&#8217;s jobs report caused an uncommonly large rate spike with the 30yr fixed average moving [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1363,1058,153,1303,154],"class_list":["post-1505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-11month","tag-hit","tag-mortgage","tag-officially","tag-rates"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1505"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1506"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}