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【Zillow】Mortgage Rates Extend Their Slide This Week On Softer Jobs Data

【Zillow】Mortgage Rates Extend Their Slide This Week On Softer Jobs Data

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Mortgage rates fell again this week on soft labor market data, The near 50 basis point uptick in the unemployment rate outpaced even the FOMC’s own unemployment rate forecast, prompting concerns that recession risk could be increasing again. Wage growth also moderated further as the gap between labor demand and supply continues to close.

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