Daily Market Update 2/4/09

Mortgage rates were little changed Wednesday after having risen late Tuesday to their highest level since December 10. Mortgage-backed securities and Treasuries came under pressure yesterday as investors grew concerned over the increased supply of government debt needed to fund the various stimulus plans. In economic news, the Institute for Supply Management Services Index rose unexpectedly last month, although the measure showed continued weakness in the services sector. Stocks were mostly higher.

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