Mortgage rates in the US experienced the biggest one-week drop since November 2022, leading to a 2.5% increase in loan applications. However, the rising number of all-cash buyers may deepen housing inequality. In October, US employers added 150,000 jobs, a decline from the previous month, with the motor vehicle industry being particularly affected. The job market is expected to continue slowing in the coming months due to economic slowdown and consumer concerns.
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