April 4, 2025

Global Headlines Steal the Spotlight from Jobs Report

While today's jobs report typically takes center stage and has the potential to shake up financial markets, this morning’s real market mover came from overseas. Around 6:00 AM ET, China announced a new round of retaliatory tariffs—sending both stock markets and bond yields sharply lower.

Although the U.S. jobs data came in strong, its impact was surprisingly muted in comparison. Trade-related headlines, including developments from a call between former President Trump and Vietnam, continued to capture more attention and drive market movement throughout the morning.

Bond markets remain in a stronger position overall, though some of the early gains have pulled back slightly. Even with the volatility, the bigger picture still looks solid for mortgage rates.

Thinking about buying, refinancing, or just want to better understand how market shifts impact your options? Let’s talk. I’m here to help you make confident, informed decisions.

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