Mortgage rates dip back below 3 percent

“We have had a tug of war on the bond market for some time now,” said Logan Mohtashami, a housing analyst with HousingWire. The June jobs report will be out Friday, “and we should be able to have strong enough job gains to get all the jobs lost from covid-19 [back] by September 2022 or earlier. However, the bond market already knows this, and still, we are at [1.45] percent. Keep a focus on the bond market on jobs Friday, not so much on the initial reaction to the report but where we close.”