Daily Market Update 10/7/10

Mortgage rates were little changed Thursday ahead of tomorrow’s key employment data. This morning, weekly Jobless Claims fell to 445,000, below the consensus forecast of 455,000. Investors are focused on Friday’s Non-farm Payrolls report for September. Analysts are expecting the Unemployment Rate to increase to 9.7% from the current 9.6%. This will be the last reading prior to next month’s election, and could influence the outcome of some close races. No other data will be released today.

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