Mortgage interest rates were mostly lower compared to a week ago, according to Bankrate data. Average rates for 30-year fixed, 15-year fixed and 5/1 ARM moved lower, while jumbo loan rates rose.

Bond yields have trended downward since last week as we head into Thanksgiving weekend. A jobs report by payroll company ADP showed the labor market shedding over 50,000 jobs for the past four weeks. This sent investors to buy 10-year Treasury bonds, driving the yield and taking mortgage rates with them.

 

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