The average 30-year rate for conforming loans has remained steady at 7.11% as of Tuesday, with no change from the previous week. This stability in rates indicates a sense of predictability within the mortgage industry, allowing borrowers and lenders to make informed decisions. However, there is a sense of caution as all eyes are on the Federal Reserve amidst signs of a weakening job market.

– Average 30-year rate for conforming loans is 7.11%
– Rate has remained unchanged from the previous week
– Indicates stability and predictability in the mortgage industry
– Attention is focused on the Federal Reserve
– Signs of a weakening job market are emerging, causing concern in the industry.

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