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Weekly Mortgage Rates Flat; Jobs Report Is Surprisingly Strong
The six-week rise paused as 178,000 jobs were added and analysts said the Federal Reserve is unlikely to cut rates soon.
- The average 30-year fixed mortgage rate held steady at 6.37% APR in the week ending April 3, while the Bureau of Labor Statistics reported employment gains of 178,000.
- Weekly mortgage rates stayed flat, breaking a six-week streak of increases and offering borrowers a pause after months of rising costs.
- Gains of 178,000 exceeded the 92,000 and 126,000 figures from prior months, though NerdWallet senior economist Elizabeth Renter noted growth remains concentrated in healthcare, construction, and transportation.
- Federal Reserve officials remain focused on Inflation, making rate cuts unlikely soon despite strong employment data not threatening the broader economy.
- Two key Inflation reports—the Consumer Price Index and Personal Consumption Expenditures Price Index —are scheduled for release next week, providing crucial data on economic trajectory.
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32 Articles
InsideNoVA.com+31 Reposted by 31 other sources
Weekly Mortgage Rates Flat; Jobs Report Is Surprisingly Strong
Weekly mortgage rates stayed largely flat, breaking a six-week streak of increases. Rates remain stubbornly elevated compared to where they were at the beginning of 2026. On a day-to-day basis, the average 30-year rate has been flirting with 6.5% APR.…
Coverage Details
Total News Sources32
Leaning Left1Leaning Right5Center11Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
C 65%
R 29%
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