Daily Market Update 4/17/09

Mortgage rates inched higher Friday to finish the week nearly unchanged from Monday. Despite a wide range of economic data and news released during the week, the outlook for the two major current influences on mortgage-backed securities prices, inflation and Fed purchases, remained the same. Consumer Sentiment rose last month to the highest level since September on indications the economy may be stabilizing. Few key economic reports are scheduled for release next week.

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