Mortgage Market Update 12/6/17

Rates inched lower Wednesday as global bond markets rallied.  In the U.S., payrolls firm ADP estimated private sector job growth of 190,000 in November, slightly above forecast.  Third quarter Productivity was unchanged at 3.0%.  An increase to 3.2% had been expected.  Stocks were mixed.  No other key data will be released today.

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