Strong jobs report just pushed rates higher. Here's what it means for your payment

Friday's jobs report showed the economy adding way more jobs than anyone predicted. That's good news if you're looking for work, but it pushed today's average rate up to 6.375%. When the job market gets stronger, lenders worry the economy will overheat and drive up prices. So they raise rates to pump the brakes.

Translation: a $500,000 loan costs about $90 more per month now than it did last week. Not a disaster, but enough to matter. The big picture? Rates had been bouncing around in a tight range since late May. This breaks that pattern. If you were waiting for a dip, we're moving the other direction for now.

If you're already looking at houses, lock when you find the right one. Trying to time the market perfectly usually costs more than it saves. When you're ready to talk real numbers for your situation, I answer my phone. (949) 350-8005.