【Zillow】Mortgage Rates Dip on Weak Job-Openings Data

Mortgage rates declined following weaker-than-expected Job Openings and Labor Turnover Survey (JOLTS) data, highlighting concerns that the labor market is cooling faster than anticipated. Additional downward pressure came from Federal Reserve Governor Christopher Waller’s comments advocating for multiple rate cuts. This move aligns rates closer to Zillow’s prediction of a mid-6% range by year-end.

READ MORE