10/11/2026
🏡 WHY ARE MORTGAGE RATES GOING UP WHEN THE JOB MARKET IS WEAK?
It seems backwards, doesn't it? 🤔
The government reported weak job growth and a rise in unemployment. You might expect mortgage rates to go down, but instead, they went up!
Why?
🌍 It's not just about jobs!
Last week, concerns about the U.S.-Iran conflict affected the markets. This week, France is adding to investors' worries.
⛽ When investors worry about rising oil prices, inflation, and the economy, they may demand higher returns on their investments. That can push U.S. Treasury yields higher, which often puts upward pressure on mortgage rates.
🏡 What does this mean for you?
Higher mortgage rates can mean higher monthly payments and less buying power for homebuyers. For sellers, it can mean some buyers become more cautious.
The bottom line: Even when economic news looks like it should bring rates down, other events around the world can push them up.
Thinking about buying or selling in Frisco or the DFW Metroplex? Let's talk about your options!
❤️ As Always, Love to Help!
National news and local views for the week