Mortgage bond prices were higher this week which put downward pressure on rates. Disappointing data and uncertainty about the future of the economy resulted in stronger demand for US debt instruments. Rates were lower Monday and a huge miss on the Institute of Supply Management release Tuesday morning put additional downward pressure on rates. There was a slight selloff Tuesday afternoon after the runup in prices but that was countered by weak ADP employment data Wednesday morning. ADP payrolls increased 135K versus the expected 150K. Weekly jobless claims were 219K. Analysts expected a 215K reading. Factory orders fell 0.1%. Unemployment was 3.5% versus the expected 3.7%. Non-farm payrolls increased 136K versus the expected 145K. Mortgage interest rates finished the week better by approximately 5/8 of a discount point.