Mortgage Rates Rose Even After a Weak Jobs Report. Why?

Mortgage rates sit at 7.56% even after September added only 29,000 jobs, about a third of what economists expected. Matt Kish of Movement Mortgage and I break down the jobs report, the Fed's next move, and where rates go from here. New mortgage breakdown every month. Subscribe so you don't miss it. 📌 WHAT'S COVERED: I walk through today's mortgage rates and the three forces that pushed the 30-year from 6.89% to 7.56% in about a month: the Fed's September rate hike, the 10-year Treasury climbing past 5%, and oil back above $100. I break down the September jobs report, the downward revisions to July and August, and why one soft month didn't send the Fed back to cutting. I show how the odds of an October rate hike went from a coin flip to about 81% for a hold, while traders still expect a higher Fed rate by year-end. Matt explains what happens to a pre-approval when rates jump, how high he sees mortgage rates going over the next 12 months, and how temporary rate buydowns like the 2-1 work. I close with a straight answer on whether now is a good time to buy or sell in San Diego. 🏠 WHO THIS IS FOR: If you're thinking about buying in San Diego and rates have you second-guessing, this shows you where the leverage is right now and how to use a rate buydown without getting burned. If you're selling a San Diego home, you'll see why buyers are pickier and how to price for this market. 📝 My Preferred Lender, Matt Kish Movement Mortgage 📱 909-434-7091 📨 Matt.Kish@movement.com Want to CONNECT with me Direclty? 📱 Call or Text: 619-829-2908 📨 Email: Karl@YourSanDiegoRealtor.com 📅 Scheduler: https://bit.ly/SchedulewithKarl 💵 Looking for a High Yield Savings Account? Here is the one I use. My affiliate link: https://ally.com/referral?code=7Z7S2B... 💵Do you pay rent? Here is how you can HACK your rent payments for future rent credits or travel/vacations. It's call the BILT reward credit Card. Check out my affiliate link at: https://bilt.page/r/IQVI-PK5I Let's connect on social! Tik Tok: ➡︎ / KarlSanDiego IG: ➡︎ / KarlKyler YT: ➡︎ @KARLisMyRealtor As always, Karl Kyler Your San Diego Realtor DRE 01439839 Exp Realty of Southern Califorina Inc ⏰ Timecodes ⏰ 00:00 Intro