Job growth was better than expected last month. The unemployment rate dropped by 1%, though the number of long-term out-of-work Americans makes up one-third of those unemployed —however, consumer borrowing increased in September.
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30-year (FRM) rates at 2.97% (+0.08%)
15-year (FRM) rates at 2.45% (+0.06%)
FHA 30-year Fixed rates at 2.42% (+0.02%)
Jumbo 30-year Fixed rates at 2.37% (-0.05%)
5/1 ARM rates at 2.85% (+0.13%)
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