Daily Market Update 12/9/14

Rates inched lower Tuesday as mortgage-backed securities were boosted by lower stock prices.  Mortgage rates have now returned to levels prior to last Friday’s stronger than expected Employment data.  In economic news, the Job Openings and Labor Turnover Survey (JOLTS) reported 4.83 million job openings in October, beating expectations.  Results from today’s 3-year Treasury auction will be released at 1:00 PM.

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