Mortgage Rates Today, November 7, 2025
Mortgage rates experienced fluctuations recently. As of today, the average 30-year fixed mortgage rate stands at 6.32%, up by 0.03% since yesterday. The 15-year fixed rate is 5.45%, increasing slightly by 0.03%. The 30-year FHA mortgage rate rose by 0.01 to 5.59%, while the 30-year jumbo mortgage rate declined by 0.03% to 6.69%.
Recent Employment Data and Market Reaction
Employment data released by private sources indicate challenges in the U.S. labor market. Revelio Labs reported a drop of 9,100 jobs in October. Similarly, data from Challenger, Gray & Christmas revealed that layoffs are occurring at their fastest pace since 2003.
"A near-blackout of official economic data caused by the ongoing U.S. government shutdown has sent investors searching for private offerings that might provide some clues about what is happening in the labor market," reported MarketWatch yesterday.
"On Thursday, investors found something to latch on to — and many apparently didn’t like what they saw," continued MarketWatch's article. "The latest report from Challenger, Gray & Christmas, a firm that publishes a monthly update on hiring and firing activity, showed U.S.-based employers announced 153,074 job cuts."
These figures have contributed to market perceptions of trouble in the labor market, influencing mortgage rate movements alongside economic uncertainty caused by limited official data.
Summary
Mortgage rates have slightly increased amid concerns over a weakening labor market and scarce official economic reports, with private data highlighting rising layoffs and job losses.
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