Daily Market Update 8/14/09

Mortgage rates inched lower Friday and have now fallen nearly 3/8% in the past week. The Consumer Price Index (CPI) registered no change from the previous month, in line with expectations. The CPI fell 2.1% year-over-year, the largest annual decrease since 1950. The Producer Price Index will be released next Tuesday. Consumer Sentiment declined last month to its lowest level since March. An increase had been expected. Industrial Production rose 0.5%, beating forecast. No other economic data will be released today.

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