Mortgage Rates Today, Monday, June 1: Moving Lower

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TL;DR: Markets' belief in an imminent deal to end the Iran war has got mortgage interest rates falling.

Kate Wood

Senior Writer/Spokesperson

Managing Editor

Average mortgage rates, last 30 days

🤓 From the Nerds: Kate on Rates

📈 What influences mortgage rates?

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• Job Openings and Labor Turnover (JOLTS) from the Bureau of Labor Statistics, drops tomorrow. JOLTS shows movement in the workforce, with stats on the number of job openings, layoffs and quits. This is going to be April data.
• Payroll administration firm ADP is releasing its May National Employment Report Wednesday. The ADP report only covers private employment, but it gained prominence during the government shutdown when it was the most comprehensive jobs data available. 
• And on Friday, the big one: May's Employment Situation Summary, better known as the jobs report. This data from the Bureau of Labor Statistics gives us, among other measures, the country's official unemployment rate.  

🔁 Should I refinance?

🏡 Should I start shopping for a home?

🔒 Should I lock my rate?

🧐 Why is the rate I saw online different from the quote I got?

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• Credit score
• Debt-to-income ratio
• Employment history
• Down payment
• Type of mortgage
• Location and property type
• Loan amount

👀 If I apply now, can I get the rate I saw today?