There are three economic reports that may influence mortgage rates tomorrow, in addition to the weekly unemployment update. Starting the day’s releases will be May's ADP Employment report at 8:15 AM ET. It tracks changes in private-sector jobs, using ADP's payroll processing clients as a base. While it does draw attention, it is my opinion that it is overrated and is not a true reflection of the broader employment picture. It also is not accurate in predicting results of the monthly government report that follows later in the week. Forecasts show 160,000 private sector jobs were added to the economy during the month. The smaller the increase in jobs, the better the news it is for mortgage rates.