Updated on August 31, 2016 10:16:01 AM EDT
Today’s ADP Employment report for August was released at 8:15 AM ET. It showed that 177,000 new private-sector jobs were added this month, exceeding the 170,000 that was expected. The report also showed an upward revision to July’s number by 15,000 payrolls. This news is technically negative for bonds and mortgage rates because it points towards a stronger employment sector. However, the markets don’t seem to be too impressed with the results, meaning it has had no impact on today’s mortgage rates.