There's nothing on today's calendar to move mortgage rates. So, unless some significant unscheduled event crops up, it might be a quiet day.
Mortgage rates have been gently drifting higher for a week. Might today's ADP employment report change that?
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Mortgage rates have moved only slowly over the last 10 business days. The postponement of Friday's jobs report means that might continue.
This week's economic reports are mostly about employment, arguably the most important data. Strap in for Friday's highly influential jobs report.
Home prices hit a record high in 2025, although seller profit margins declined, signaling a potentially normalizing housing market following years of strong returns.
Inflation reports can move mortgage rates. But today's is both second-tier and stale. So, it's unlikely to set off fireworks in markets.
The Federal Reserve sprang no surprises yesterday, leaving mortgage rates unchanged.