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flag Mortgage rates edged up to 6.89% as labor data showed a resilient yet cooling job market.

flag Mortgage rates rose slightly this week, with the average 30-year fixed rate climbing to 6.89%, according to Freddie Mac. flag The increase comes amid mixed labor market data, including a modest gain in nonfarm payrolls and a slight uptick in the unemployment rate to 4.0%. flag Economists note the data suggests a resilient but cooling job market, which may influence future Federal Reserve decisions on interest rates.

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