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Good Hospitality Job Gains Fuel Hope in Promising Mortgage Market
Last week's labor report illustrated good hospitality job gains after a rough 2020. Overall, this continues to fuel hope in what's quickly becoming a promising mortgage market.
However, the job gains fell in line with current expectations. As a result, mortgage rates ended the week nearly unchanged.
Good Hospitality Job Gains
In May, the economy gained 559,000 jobs. Thus, May's job gains fell a little below the consensus forecast of 650,000.
Not only were there good hospitality job gains, the leisure sector realized economic strength as well. Aga...
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