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【Zillow】Mortgage Rates Fall As The Economic Outlook Dims

【Zillow】Mortgage Rates Fall As The Economic Outlook Dims

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Mortgage rates fell this week, as leading economic indicators point to slowing aggregate demand and the potential for further disinflation. Up until now, a strong labor market supported consumer spending. However, February’s Job Openings and Labor Turnover Survey (JOLTS) showed a notable decline in hiring and quits, indicating a cooling of the labor market. Leading economic indicators also show signs economic activity is likely to slow.

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