Daily Market Update 8/11/11

Mortgage rates were little changed Thursday as stocks rebounded from yesterday’s steep losses.  Trading remains highly volatile.  In economic news, weekly Jobless Claims fell to 395,000, below forecast, to the lowest level since April.  The June Trade Deficit rose to $53.1 billion, larger than expected.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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