Mortgage rates remained steady last week despite the release of job data and comments made by Federal Reserve Chairman Jerome Powell. Rates ended the week below 7%, prompting speculation about whether they will continue to drop in the coming weeks.
Key points from the text include:
– Mortgage rates remained below 7% at the end of last week
– Job data and comments by Jerome Powell did not significantly impact mortgage rates
– Speculation is rising about whether mortgage rates will continue to decrease in the near future
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