"The 30-year conforming rate averaged 6.98%, down 4 basis points from a week ago, marking the first weekly decline since rates began to rise in October."
"Market observers believe another cut by the Fed likely won’t influence mortgage rates significantly, despite a potential rate decrease at their next meeting."
"An increase in dealer demand for mortgage bonds has contributed to the modest improvements seen in mortgage rates, though uncertainties about the market remain."
"Economists expect around 200,000 new jobs for November; a weaker report might push the Fed to continue rate cuts, while strong growth could halt them."
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