This morning, the ADP private payrolls firm's estimate for Friday's Employment report matched expectations. The Dow is up 40 points. ISM Services will be released at 10:00 et and the Fed's Beige Book will be released at 2:00 et.
The Mortgage Bankers Association weekly purchase activity index rose 9%, while the refinancing activity index increased by 17%. Average reported rates for the prior week fell to 4.95% from 5.03% for 30-yr fixed mortgages.