Mortgage Rates Today, November 7, 2025
Mortgage rates experienced fluctuations recently. Today, the average 30-year fixed mortgage rate is 6.32%, slightly up by 0.03% from yesterday. The 15-year fixed mortgage rate also rose by 0.03%, now at 5.45%. The 30-year FHA mortgage rate increased marginally by 0.01% to 5.59%. Conversely, the 30-year jumbo mortgage rate decreased by 0.03% and currently stands at 6.69%.
Labor Market Signals and Economic Data
Recent labor market data from private sources paint a concerning picture amid the U.S. government shutdown, which has limited official economic reports. Revelio Labs reported a decline of 9,100 jobs in October. Additionally, Challenger, Gray & Christmas revealed layoffs at their fastest rate since 2003, highlighting potential troubles in the employment sector.
"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." — MarketWatch
"On Thursday, investors found something to latch on to — and many apparently didn’t like what they saw." — MarketWatch
Job Market Activity
The latest monthly report from Challenger, Gray & Christmas showed U.S.-based employers announced 153,074 job cuts, signaling increased job losses and raising concerns about the economy's strength.
Summary
Current mortgage rates show minor changes amid uncertain economic signals, with private labor data indicating potential challenges in the U.S. job market due to the government data shutdown.
Author's Summary: Mortgage rates shift slightly as private labor reports reveal rising layoffs and job losses amid limited official data, stirring market uncertainty.