Mortgage rates eased slightly last week after a cooler-than-expected jobs report. Additionally, the 10-year Treasury yield fell after Friday’s jobs report.

HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.51% on Tuesday, slightly below the rate of 7.57% one week ago. At the same time one year ago, the average rate was 6.54%.

The 15-year fixed rate averaged 6.77% on Tuesday, down from 6.79% one week earlier.

“The labor market has always been my key variable for lower rates, and last week’s headline jobs number missed, while wage growth details ⇒

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