{"id":629,"date":"2025-01-20T18:45:21","date_gmt":"2025-01-20T18:45:21","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/mortgage-rates-jump-sharply-higher-after-jobs-report\/"},"modified":"2025-01-20T18:45:21","modified_gmt":"2025-01-20T18:45:21","slug":"mortgage-rates-jump-sharply-higher-after-jobs-report","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/mortgage-rates-jump-sharply-higher-after-jobs-report\/","title":{"rendered":"Mortgage Rates Jump Sharply Higher After Jobs Report"},"content":{"rendered":"<p> <\/p>\n<div>\n<p>Mortgage rates were already at 6 month highs earlier this week so it didn&#8217;t take much of a push to send them up to new 7 month highs today.<\/p>\n<p>The push in question came from today&#8217;s hotly-anticipated jobs report. No other economic report has as much consistent potential to cause volatility for interest rates.\u00a0 As such, when today&#8217;s job creation headline came in at much higher levels than expected, it was an easy decision for traders to push rates to higher levels.<\/p>\n<p>The average top tier 30yr fixed rate was closer to 7.125% yesterday. After today&#8217;s route, that rate is now almost perfectly centered on the 7.25% level (mortgage rates are typically offered in 0.125% increments).<\/p>\n<p>These are the highest levels since May 2024.<\/p>\n<p>From here, the pain could continue if next week&#8217;s data sings a similar tune. While not as consistent a market mover as the jobs report, Wednesday&#8217;s Consumer Price Index (CPI) is the only other economic report that&#8217;s in the same league.<\/p>\n<p>A particularly balmy inflation reading could easily push rates up another 0.125%&#8211;possibly more.\u00a0 Conversely, a sharply lower inflation reading could be worth just as much of a recovery.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage rates were already at 6 month highs earlier this week so it didn&#8217;t take much of a push to send them up to new 7 month highs today. The push in question came from today&#8217;s hotly-anticipated jobs report. No other economic report has as much consistent potential to cause volatility for interest rates.\u00a0 As [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[212,284,282,153,154,285,283],"class_list":["post-629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-higher","tag-jobs","tag-jump","tag-mortgage","tag-rates","tag-report","tag-sharply"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/629","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=629"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/630"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}