Mortgage rates inched lower Thursday in a shortened session ahead of the July 4th holiday. Non-farm Payrolls fell by 467,000 in June, far more than the consensus forecast of -363,000. The Unemployment Rate rose to 9.5%. Stocks and oil prices moved sharply lower. The European Central Bank (ECB) held rates steady at 1%, as expected. Mortgage-backed securities markets will close this afternoon at 2:00 PM.