Daily Market Update 10/4/12

Mortgage rates were little changed Thursday in quiet trading.  Weekly Jobless Claims came in at 367,000, close to forecast.  August Factory Orders fell by 5.2%, a bit less than expected, led by a sharp decline in Transportation orders.  Detailed Minutes from the September 13 FOMC meeting of the Fed will be released at 2:00 PM.  The closely-watched Employment Report will be released tomorrow at 8:30 AM.

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