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flag Mortgage rates rose to 6.94% amid inflation concerns and a strong job market.

flag Mortgage rates rose slightly this week, with the average 30-year fixed rate climbing to 6.94%, according to Freddie Mac. flag The increase follows a steady trend over the past several months, driven by persistent inflation concerns and stronger-than-expected economic data. flag Meanwhile, job market reports showed mixed results, with new hiring slowing but unemployment holding near historic lows. flag Economists say the data suggests a resilient labor market, though some caution that wage growth could keep inflation pressures elevated.

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