Daily Market Update 1/4/11

Mortgage rates were little changed Tuesday ahead of this afternoon’s release of minutes from the December 14 FOMC meeting of the Fed. Investors will be watching to see the level of support for the Fed’s quantitative easing program. The FOMC Minutes will be released at 2:00 PM. In economic news, Factory Orders rose by 0.7% in November, beating expectations. No other key data will be released today.

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