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Today’s Lead Story
Saturday, August 8

Mortgage & Housing

Mortgage Rates Post Their Largest Single-Day Drop of 2026 After Weak Jobs Data

via NBC News

The average 30-year fixed mortgage rate dropped roughly 15 basis points on Friday after July's jobs report showed the economy shed an estimated 23,000 positions — far below the 83,000 economists had expected. Rates around 6.54% are now the lowest they have been in close to a year, according to mortgage industry trackers.

Why it matters

If you have been waiting for rates to ease before buying or refinancing, this employment-driven pullback may create a short window before fresh inflation data reverses the move.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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