Daily Market Update 6/6/14

Mortgage rates were little changed Friday in volatile trading following the release of May labor statistics.  The economy added 217,000 jobs last month, slightly above forecast.  The Unemployment Rate was unchanged at 6.3%.  Average Hourly Earnings, a proxy for wage growth, were 2.1% higher than one year ago, matching expectations.  Stocks moved higher.  No other key data will be released today.

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