Mortgage Rates Rise as Markets Await Key Economic Data

Average 30-year mortgage rates remain steady while refinance rates increase, with market attention on upcoming labor statistics and Federal Reserve decisions.

National average for 30-year fixed mortgages is 6.32%, with rates in states like California and Florida among the lowest.
Refinance rates for 30-year mortgages have reached 6.44%, marking a two-week high after recent fluctuations.
Upcoming employment data could influence the Federal Reserve's next interest rate decision, with a potential impact on mortgage rates.
Current economic conditions, including inflation and labor market trends, play a significant role in determining mortgage rates.
The Federal Reserve's recent rate cut is expected to be the first in a series, potentially affecting future mortgage rate trends.