【Freddie Mac】Quarterly Forecast: Housing Market Continues to Rebound as Mortgage Rates Hover at Record Lows

Economic activity stalled in early July. Even with many businesses reopening, unemployment claims remained high through September. Total jobless claims were about 26 million in the second week of September. The unemployment rate declined to 7.9% in September, but a shift from temporary to permanent unemployment and a deterioration in the labor force participation rate signal underlying weakness in the labor market.

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