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flag Mortgage rates fell to a one-week low of 6.15%-6.20% amid weaker job growth and rising layoffs.

flag Mortgage rates dipped slightly this week amid weaker employment data, including a drop in job openings to their lowest since 2020 and rising planned layoffs, signaling a cooling labor market. flag The delayed release of key economic reports due to the government shutdown has limited analysis, but ADP’s private sector report showed only 22,000 jobs added, far below forecasts. flag Investors reacted positively, pushing mortgage rates down to a one-week low of 6.15%–6.20%. flag While the Federal Reserve is expected to hold rates steady under Chair Powell until his term ends May 15, President Trump’s nominee Kevin Warsh could push for aggressive cuts if confirmed, potentially lowering rates as early as late spring. flag For now, rates remain near 6%.

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