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Mortgage rates ease a third week as jobs data tests a split Fed
The 30-year fixed averaged 7.18% this week, Freddie Mac says, still nearly a point above last year. Friday's October jobs report is the next test for a Fed that held rates with two votes for a hike.
Why it matters Mortgage rates have slipped three weeks running, but a Fed with two votes for a hike makes Friday's jobs report a real test of whether that relief lasts.
THUmortgage rates