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- Mortgage rates are unlikely to keep falling, says Mike Fratantoni of the Mortgage Bankers Association.
- A strong jobs market means the Fed is unlikely to ease monetary policy, keeping mortgage rates higher.
- The average daily 30-year fixed rate has climbed back above 7%.
Red-hot strength in the labor market might calm recessionary fears, but it's not the greatest update for homebuyers awaiting lower mortgage rates.