Daily Market Update 2/4/16

Mortgage rates were little changed Thursday ahead of tomorrow’s key employment data.  In economic news, weekly Jobless Claims rose to 285,000, a bit higher than expected.  Fourth quarter Productivity was revised lower to -3.0%, below the consensus of -1.8%.  January Factory Orders fell by 2.9%, close to expectations.  The Non-farm Payrolls Report for January will be released tomorrow at 8:30 AM.

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