Mortgage rates inched lower Wednesday, reflecting yesterday’s gains in mortgage-backed securities markets. In economic news, payrolls firm ADP forecast a net gain of 110,000 private sector jobs in October ahead of this Friday’s Employment Report, beating expectations. This afternoon the Fed will hold a press conference at 2:15 to discuss its two-day FOMC meeting. Investors will be looking for signs of additional easing. Fed officials are reportedly divided about the appropriate course of action.