Mortgage rates inched higher Thursday ahead of tomorrow’s key Employment Report. This morning, the European Central Bank (ECB) cut rates and announced an extension to its bond purchase program, but at a smaller level than expected. In other news, November Factory Orders rose 1.5%, matching expectations. The Institute for Supply Management services index fell to 55.9, well below forecast. Readings above 50.0 indicate expansion in the services sector of the economy. Fed Chairwoman Janet Yellen delivers a prepared speech to Congress this morning. Non-farm Payrolls and the Unemployment Report for November will be released tomorrow at 8:30 AM.