【Zillow】Mortgage Rates Fell This Week On Downward Revisions Of Economic Data And Cooling Labor Market

After reaching their highest level in more than two decades last week, mortgage rates fell this week on economic data showing more modest economic growth in the second quarter and a cooling labor market,Revisions to the second quarter estimate of economic growth, which showed a moderation in consumer spending and large downward revisions to business investment – two factors frequently pointed to as sources of strong economic activity – helped push bond yields and mortgage rates downward. 

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