Daily Market Update 9/3/14

Mortgage rates were little changed Wednesday in quiet trading.  In economic news, July Factory Orders jumped 10.5%, close to expectations, largely due to a surge in transportation orders.  Excluding the volatile transport component, orders declined by 0.8%.  The Fed’s Beige Book, a survey of business conditions by the 12 regional Fed banks, will be released at 2:00 PM.

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