<p>According to Mortgage News Daily, after the release of the US non-farm payroll report, the average 30-year fixed mortgage rate significantly rose to 6.53% - 42 basis points higher than the day before the Federal Reserve cut interest rates by 50 basis points on September 17th</p>

<p>According to Mortgage News Daily, the average 30-year fixed mortgage rate in the United States surged significantly to 6.53% after the release of the non-farm payroll report—42 basis points higher than the day before the Federal Reserve cut rates by 50 basis points on September 17th</p>