Mortgage Rates Today, November 7, 2025: Will Today's Consumer Sentiment Data Create Yet Another Swing for Rates?

Mortgage Rates Today, November 7, 2025

Market Overview

Mortgage rates showed another small upward shift following a period of volatility. The average 30-year fixed-rate mortgage sits at 6.32%, rising by 0.03% from yesterday. The 15-year fixed mortgage rate is now 5.45%, also up 0.03%. The 30-year FHA mortgage averages 5.59%, up slightly by 0.01%, while the 30-year jumbo mortgage has dropped to 6.69%, decreasing by 0.03%.

Labor Market Signals

As traditional government data remains unavailable during the ongoing U.S. government shutdown, investors have turned to alternate sources for insights into employment trends. Several private reports released this week have painted a concerning picture of the job market.

Revelio Labs reported a decline of approximately 9,100 jobs in October.
Challenger, Gray & Christmas revealed that layoffs reached their fastest pace since 2003.

“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,” reported MarketWatch.

“On Thursday, investors found something to latch on to — and many apparently didn’t like what they saw,” continued MarketWatch.

Economic Interpretation

Recent private-sector reports hint that the U.S. labor market may be weakening, raising new questions about potential rate adjustments and investor sentiment. These figures have already influenced expectations in the bond and mortgage markets.

Author’s Summary

Mortgage rates rose slightly today as weak private labor data and the ongoing government shutdown heightened uncertainty in financial markets.

Mortgage Research Center — 2025-11-07