Tomorrow is going to be an interesting day for the financial and mortgage markets. It begins with January’s ADP Employment report at 8:15 AM ET that tracks changes in private-sector jobs. While it does draw attention, it is my opinion that this non-governmental report is overrated and not a true reflection of the broader employment picture. It also is not accurate in predicting results of the monthly government report that we will get Friday. Still, because we often see a reaction to its results, it is included in this week's calendar. Analysts are expecting to see 165,000 new private jobs were added to the economy. Good news for rates would be a much smaller number.