Daily Market Update 6/5/13

Mortgage rates held steady Wednesday following the release of weaker than expected economic data.  Payroll firm ADP forecast private sector job growth of 135,000 in May, below the consensus of 170,000.  First quarter Productivity matched expectations.  Factory Orders rose by 1.0%, a bit less than expected.  The Fed’s Beige Book, a survey of economic activity by the 12 regional Federal Reserve Banks, will be released at 2:00 PM.

Leave a Reply

Your email address will not be published.

Back to top