ONLY 44,000 Jobs Created: What That Means for Your Mortgage Rate

Mortgage rates are holding steady today even after a rough ADP jobs report showed only 44,000 private payroll jobs created, well below the 100,000 needed to keep the labor market on track. At the same time, stocks are soaring toward record highs, oil markets are reacting to another tanker strike tied to the Iran conflict, and the bond market is absorbing a massive wave of Treasury, corporate, and mortgage debt. In today's episode I break down why mortgage rates aren't moving despite all this noise, what the MBS (mortgage bond) market is telling us, and what the Federal Reserve is watching heading into their next meeting.

CHAPTERS 0:00 Breaking News: Jobs Report Miss and Oil Tanker Strike 1:40 Only 44,000 Jobs Created, What It Means For Your Rate 3:20 Bond Market Explained: Treasuries, Corporate Debt and MBS 6:00 Stocks Soar, Oil Tanker Struck, Why Rates Aren't Moving 8:45 Fed Rate Cut Odds, Iran War Impact and What To Watch Next

Read the full breakdown on the blog: https://www.therateupdate.com/blog/the-daily-rate-update-august-5-2026-stocks-soar-but-rates-get-better

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Dan Frio is a licensed mortgage loan officer in all 50 states and Puerto Rico. NMLS #246527 | TRU Mortgage Team / PBT Bancorp NMLS #257781 | Equal Housing Lender.

This channel is for education and commentary only. Topics may include mortgage rates, real estate, housing, stocks, bonds, cryptocurrency, inflation, the Federal Reserve, and financial markets.

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