Mortgage Rates Fall on ADP Report. Will Jobs Friday Push Rates Even Lower?

June 4, 2025

HousingWire, June 4, 2025-Logan Mohtashami
Today, the ADP jobs report was released, marking the second of four jobs reports we’ll get during this jobs week. The numbers came in significantly weaker than anticipated, leading to lower mortgage rates. Does this imply that the big jobs report on Friday will come in as a miss, too? As someone who believes that for mortgage rates to go lower, we need weaker labor data, the setup for jobs Friday just got more interesting.
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