Daily Market Update 8/30/17

Mortgage rates inched higher following the release of stronger than expected economic data.  This morning, payrolls firm ADP estimated August private sector job gains of 237,000, well above the consensus forecast of 185,000.  Separately, second quarter GDP was revised higher to 3.0% from 2.6%, the strongest economic growth since the first quarter of 2015.  No other key data will be released today.

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