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Weekly Market Observations - February 7, 2023
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Here’s Our Weekly Market Observations :
US job growth exceeds expectations with 517k nonfarm jobs added in January
Unemployment in January was 3.4%, the lowest it’s been in 54 years
Mortgage applications up as rates fall from 20 year high
Pending home sales increased 2.5% in December ending a 6-month consecutive decline
Average 30yr fixed mortgage rates down slightly to 6.09%
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