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.


