Daily Market Update 7/7/16

Mortgage rates inched higher Thursday following the release of stronger than expected economic data.  This morning, payrolls firm ADP estimated June private sector job growth of 172,000, beating the consensus forecast of 150,000.  Separately, weekly Jobless Claims fell to 254,000, well below expectations.  No other key data will be released today.  The closely-watched Non-farm Payrolls report for June will be released tomorrow at 8:30 A.M.

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