The average rate on a 30-year fixed-rate mortgage rose nine basis points to 6.23% APR in the week ending Nov. 20, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.
We finally have federal labor market data from September, after a multi-week delay due to the government shutdown. But it’s a little too late, and not tremendously useful — like that cousin who wanders in to “help” just as the last Thanksgiving dish hits the drying rack.
What’s more, October’s report was canceled and November’s report will be delayed a week and a half, now scheduled for release on Dec. 16. That means Federal Reserve policymakers will have limited jobs data to review when they meet Dec. 9–10.
In the absence of certainty, mortgage markets are acting

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