Daily Market Update 4/14/09

Mortgage rates inched lower Tuesday following the release of weaker than expected economic data. Retail Sales fell 1.1% in March, indicating recovery from the current recession may be slow. The Producer Price Index declined 1.2%, while the closely watched “core” rate was unchanged. Stocks moved lower. The Consumer Price Index, Industrial Production, and the Fed’s Beige Book will be released tomorrow.

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