Mortgage rates returned to yesterday’s levels after having risen in early trading. Third quarter Productivity increased at a 1.1% annual rate, in line with expectations. The European Central Bank (ECB) and Bank of England (BOE) cut rates today, the ECB by .5% and the BOE by an unusually large 1.5%. The dollar rose against the euro and pound. Oil prices sank to 20 month lows as retail gas prices fell below $2 per gallon in some areas. Stocks moved sharply lower. Traders will be closely watching tomorrow’s Employment Report for October, scheduled for release at 8:30 et. No other economic data will be released today.