Jobs Report Came In Weaker — What That Means for You

On October 1, 2025, the average 30-year fixed mortgage rate held at 6.37% after weaker private payroll data. Rates remain near one-year lows as markets await the delayed government jobs report.

Today’s private jobs report showed the U.S. lost about 32,000 jobs in September, even though experts expected a gain. Last month’s numbers were also revised lower.

Normally, weaker job growth gives the bond market a boost—and that helps keep borrowing costs steady. By the end of the day, the average 30-year fixed mortgage rate held near 6.37%, basically unchanged from yesterday.

Bottom line: rates are holding near the lowest levels we’ve seen in almost a year. That stability could give you a good window to explore buying or refinancing.

 

👉 Want to see what that looks like for homes you’re considering? Just comment, message, or give me a call—I’m here to help!

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