Mortgage Rates Today, November 7, 2025
Mortgage rates experienced fluctuations recently. Today, the average 30-year fixed mortgage rate is 6.32%, rising by 0.03% since yesterday. The 15-year fixed rate increased to 5.45%, also up by 0.03%. The 30-year FHA mortgage rate stands at 5.59%, a slight rise of 0.01%. Conversely, the 30-year jumbo mortgage rate dropped by 0.03% to 6.69%.
Labor Market Data Impacting Rates
Alternative employment data sources revealed a decline in U.S. jobs. Revelio Labs reported a decrease of 9,100 jobs in October. Meanwhile, Challenger, Gray & Christmas indicated the highest layoff rates since 2003. These reports raised concern about labor market health among investors.
"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.
"On Thursday, investors found something to latch on to — and many apparently didn’t like what they saw," the article continued. "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."
Summary
The recent mixed mortgage rate changes reflect growing unease in the labor market, fueled by data disruptions and private employment reports signaling rising layoffs.
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