Wall Street lacked clear direction on Tuesday, as mixed labor market data failed to ignite a fresh wave of risk-on sentiment.Nonfarm payrolls rose by 64,000 in November, topping expectations of 50,000. However, the unemployment rate climbed to 4.6%, the highest level since September 2021. • Affirm Holdings shares are climbing with conviction. What’s driving AFRM stock higher?October figures, delayed by more than two months due to the government shutdown, added further noise. Payrolls fell by 105,000, largel ...

US stock futures wobbled Tuesday amid a flurry of mixed-bag updates on the US labor market. The delayed November jobs report showed an uptick in jobs added last month, while the unemployment rate jumped to its highest since 2021. Dow Jones Industrial Average futures (YM=F) hovered just below the flatline, while those tied to the S&P 500 (ES=F) lost roughly 0.1%. Contracts on the tech-heavy Nasdaq (NQ=F) fell 0.3% after the indexes kicked off the week with slight losses. All eyes on Wall Street turned to ...

European stocks may open flat to slightly higher on Wednesday as investors await key U.S. economic data that could influence the Federal Reserve's rate decision next week. Payroll processor ADP is scheduled to release its report on private sector employment for November later in the day. Economists expect private sector employment to edge up by 10,000 jobs in November after rising by 42,000 jobs in October.Reports on service sector activity, personal income and spending and consumer sentiment may garner in ...

Core Viewpoint - The probability of a Federal Reserve rate cut in December has significantly decreased from nearly 90% to about 30% following the absence of the October jobs report due to a government shutdown [1][3]. Group 1: Market Reactions - The prediction market currently indicates a 66% chance of "No change" in rates and a 32% chance of a 25 basis points decrease, reflecting a steep repricing since the government shutdown began [2]. - Just three weeks prior, the 25-bps cut contract was trading above 90%, indicating strong trader confidence in a rate cut before year-end [2]. Group 2: Impact of Missing Data - The Bureau of Labor Statistics confirmed that the full October jobs report will not be released, merging it with the November report, which is now delayed to December 16, after the Fed's December 9-10 meeting [3]. - The lack of fresh employment data has led traders to believe that the Fed is more likely to maintain current rates, with one participant stating, "No Data, No Cut" [4]. Group 3: Trading Volume - The Fed contract has recorded over $119 million in trading volume, making it one of Polymarket's most actively traded macro markets this quarter [5].

Mortgage Rates Overview - Current 30-year fixed mortgage rate is 6.09%, a slight increase of two basis points, while the 15-year fixed rate remains at 5.54% [1] - Mortgage rates are currently stable, lacking a defined trend, similar to the 10-year Treasury yield [1] Current Mortgage Rates - National average mortgage rates include: - 30-year fixed: 6.09% - 20-year fixed: 6.10% - 15-year fixed: 5.54% - 5/1 ARM: 6.31% - 7/1 ARM: 6.34% - 30-year VA: 5.64% - 15-year VA: 5.30% - 5/1 VA: 5.28% [5] Refinance Rates - Current refinance rates are generally higher than purchase rates, with the 30-year fixed refinance rate at 6.23% [16] Mortgage Payment Calculations - A $400,000 mortgage at 30 years with a 6.09% rate results in a monthly payment of approximately $2,421, leading to total interest payments of $471,703 over the term [8] - A $400,000 15-year mortgage at 5.54% results in a monthly payment of about $3,277, with total interest payments of $189,829 [8] Fixed vs. Adjustable-Rate Mortgages - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period before adjusting based on market conditions [10][11] - ARMs may start with lower rates but carry the risk of increasing rates after the initial period [12] Future Rate Expectations - Economists do not anticipate significant drops in mortgage rates before the end of 2025, with potential rate cuts from the Federal Reserve being uncertain [13][17] - Any decreases in mortgage rates in 2026 are expected to be modest, influenced by economic conditions and inflation [18]

Mortgage rates are little changed today. According to Zillow, the 30-year fixed mortgage rate clicked up one basis point to 6.16%, while the 15-year fixed rate rose four basis points to 5.61%. Mortgage rates, like the 10-year Treasury yield, are wobbling without a firm direction. Learn about the best mortgage lenders right now. Today's mortgage rates Here are the current mortgage rates, according to our latest Zillow data: 30-year fixed: 6.16% 20-year fixed: 6.04% 15-year fixed: 5.61% 5/1 ARM: 6.54 ...

Core Insights - Mortgage rates are experiencing fluctuations, with the 30-year fixed mortgage rate increasing to 6.21% and the 15-year fixed rate decreasing to 5.40% [1][16] - The Federal Reserve's recent actions, including rate cuts, are influencing mortgage rates, but significant drops are not expected until at least the end of 2025 [13][17] Mortgage Rates Overview - Current mortgage rates include: - 30-year fixed: 6.21% - 20-year fixed: 5.81% - 15-year fixed: 5.40% - 5/1 ARM: 6.37% - 7/1 ARM: 6.29% - 30-year VA: 5.61% - 15-year VA: 5.08% [5] Refinance Rates - Refinance rates are generally higher than purchase rates, with the current 30-year fixed refinance rate at 6.35% [16] Economic Impact - Economists predict that mortgage rates will remain relatively stable through 2025, despite potential rate cuts from the Federal Reserve [17][18] - The CME FedWatch tool indicates a high probability of further rate cuts in the near future, which may influence mortgage rates [14]

Core Insights - Mortgage rates are currently decreasing, with the 30-year fixed mortgage rate at 6.15% and the 15-year fixed rate at 5.48% [1] - The 30-year rate has dropped by more than a quarter point in just three weeks, indicating a potential opportunity for locking in rates [1] Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 6.15% - 20-year fixed: 5.75% - 15-year fixed: 5.48% - 5/1 ARM: 6.30% - 7/1 ARM: 6.35% [5] Refinance Rates - Current refinance rates are generally higher than purchase rates, with the 30-year fixed refinance rate at 6.24% [16] Comparison of Mortgage Types - A $400,000 mortgage with a 30-year term at 6.15% results in a monthly payment of approximately $2,437, leading to $477,289 in interest over the term [8] - A 15-year mortgage at 5.48% for the same amount results in a monthly payment of about $3,264, with total interest paid being $187,536 [8] Adjustable vs. Fixed-Rate Mortgages - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period before adjusting based on market conditions [10][11] - ARMs may start with lower rates but carry the risk of increases after the initial period [12] Future Rate Expectations - Economists do not anticipate significant drops in mortgage rates before the end of 2025, despite recent Federal Reserve rate cuts [13][17] - The Federal Reserve is expected to implement additional rate cuts, which may influence mortgage rates slightly lower in 2026 [14][18]

Market Overview - US stocks experienced a rally, with the Dow Jones Industrial Average increasing by over 1.1% (more than 500 points), the S&P 500 rising almost 1.1%, and the Nasdaq Composite gaining about 1.4% due to strong demand for the iPhone 17, which pushed Apple stock to a record high [1] Earnings Season - The earnings season is gaining momentum, with significant reports expected from Tesla, Intel, Netflix, and Coca-Cola, creating optimism among investors [2] - Zions Bancorp's third quarter results are anticipated, following concerns about bad loans linked to fraud that affected investor sentiment regarding US credit quality [2] Trade Relations - A lull in trade war tensions has been noted, with Treasury Secretary indicating a de-escalation in US-China relations and upcoming talks in Malaysia [3] - President Trump highlighted key issues such as rare earths, fentanyl, and soybeans, suggesting a potential softening of the US trade stance, which may reduce the likelihood of the threatened 100% additional tariff on Chinese imports set for November 1 [3] Government Shutdown Impact - The US government shutdown has entered its third week, with ongoing disputes over federal healthcare subsidies, raising concerns about potential impacts on near-term GDP growth, although any slowdown is expected to be temporary [4] - The shutdown has delayed the release of critical inflation and jobs data, with the Consumer Price Index for September set to be released on Friday, which could influence the Federal Reserve's rate decisions [5] AWS Outage - A significant outage at Amazon's AWS affected various platforms, including Robinhood and major companies like United Airlines and Reddit, causing widespread disruption [6]

Core Insights - Mortgage rates have decreased, with the 30-year fixed mortgage rate at 6.24% and the 15-year fixed rate at 5.52% [1] - The decline in mortgage rates is influenced by the falling 10-year Treasury yield, which may not continue to decrease [1] - Current mortgage rates are national averages and can vary based on individual financial situations [17] Current Mortgage Rates - 30-year fixed: 6.24% [5] - 15-year fixed: 5.52% [5] - 5/1 ARM: 6.38% [5] - 7/1 ARM: 6.11% [5] - 30-year VA: 5.70% [5] - 15-year VA: 5.32% [5] Refinance Rates - 30-year fixed refinance: 6.38% [6] - 15-year fixed refinance: 5.72% [6] - 5/1 ARM refinance: 6.72% [6] - 7/1 ARM refinance: 6.74% [6] - 30-year VA refinance: 6.07% [6] Comparison of Mortgage Types - 15-year mortgages generally have lower rates than 30-year mortgages, but result in higher monthly payments [8] - Example: A $400,000 mortgage at 6.24% for 30 years results in a monthly payment of about $2,460, totaling $485,696 in interest [9] - A $400,000 mortgage at 5.52% for 15 years results in a monthly payment of about $3,273, totaling $189,065 in interest [9] Adjustable vs. Fixed-Rate Mortgages - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) can change after an initial period [11][12] - ARMs may start with lower rates but carry the risk of increases after the initial period [13] Future Rate Expectations - Economists do not expect significant drops in mortgage rates before the end of 2025, despite recent Federal Reserve rate cuts [14][18] - The next quarter-point cut is anticipated at the Fed's meeting on October 29 [15] - Any potential decreases in 2026 are expected to be modest, influenced by economic conditions and inflation [19]