Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market.

Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire. 

Kevin Leibowitz, president of Grayton Mortgage, said he was quoting 6.125% for a 30-year conventional mortgage of $400,000 on Friday with no discount points. 

“Rates were essentially unchanged from yesterday to midday today,” Leibowitz said. “A lot it is priced in. If the job reports were details ⇒

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