Daily Market Update 10/16/09

Mortgage rates were little changed Friday on mixed economic news. Industrial Production rose 0.7% last month, beating the consensus forecast of +0.1%, but Consumer Sentiment fell unexpectedly to a reading of 69.4 from 73.5. Stocks moved sharply lower. The most significant economic report due out next week will be Tuesday’s release of the Producer Price Index for September. No other data will be released today.

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