US mortgage rates edge lower for first time in six weeks

What this means for your job search: Expect a more competitive tech job market due to cooling labor demand, requiring a longer search and potentially less negotiation power. Focus on meticulously tailoring applications and clearly demonstrating your unique value to employers. US mortgage rates fell slightly for the first time since in six weeks, after fresh data revealed that the labour market is cooling and the Iran war may have more muted impact on inflation in July.