{"id":3937,"date":"2026-06-05T22:23:38","date_gmt":"2026-06-05T22:23:38","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/mortgage-rates-jump-after-strong-jobs-report\/"},"modified":"2026-06-05T22:23:38","modified_gmt":"2026-06-05T22:23:38","slug":"mortgage-rates-jump-after-strong-jobs-report","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/mortgage-rates-jump-after-strong-jobs-report\/","title":{"rendered":"Mortgage Rates Jump After Strong Jobs Report"},"content":{"rendered":"\n<div>\n<p>Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It&#8217;s not that war, itself, is a consideration, but rather the implications for fuel prices and inflation. Bonds care deeply about inflation and interest rates are based directly on bonds.<\/p>\n<p>When inflation isn&#8217;t raging (or at the risk of raging), rates\/bonds spend most of their time thinking about the economy. Lately, the data has been even-keeled enough that it hasn&#8217;t had enough of an impact to override the war&#8217;s inflation-related volatility, but today was an exception.<\/p>\n<p>The jobs report not only crushed expectations, but it revised the past 2 reports sharply higher as well. The net effect is that the labor market looks more like it&#8217;s finding its footing (possibly even accelerating) and less like it is still in the downtrend that characterized the post-covid normalization.\u00a0<\/p>\n<p>If all that was confusing, here&#8217;s the simple version. More people got jobs than expected and the market didn&#8217;t like it because it removes any argument in favor of the Fed cutting rates. Fed rates don&#8217;t equal mortgage rates, but Fed rate expectations for the future cause mortgage rate movement in the present (and Treasury movement, and stock market movement, etc.).\u00a0<\/p>\n<p>On a bright note, even after today&#8217;s rout, the average lender remains under the highs seen on May 19th. The Iran war is still the most important input for rates, and a confirmed peace deal would still provide relief.\u00a0<\/p>\n<p><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It&#8217;s not that war, itself, is a consideration, but rather the implications for fuel prices and inflation. Bonds care deeply about inflation and interest rates are based directly on bonds. When inflation isn&#8217;t raging (or at the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[284,282,153,154,285,2437],"class_list":["post-3937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-jobs","tag-jump","tag-mortgage","tag-rates","tag-report","tag-strong"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/3937","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=3937"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/3937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/3938"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=3937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=3937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=3937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}