Rates moved lower Wednesday as weakness in the stock market lifted mortgage-backed securities. The December Producer Price Index (PPI) rose 0.2%. The more closely watched “Core PPI“, which excludes food and energy, was unchanged from November, and increased just 0.9% from one year ago. Housing Starts fell 4% to 557,000 annual units, below the consensus forecast of 575,000. In contrast, Building Permits, a leading indicator, increased 11% to the highest level since October 2008. In other news, the Federal Housing Administration (FHA) announced it will raise mortgage insurance premiums to build capital and lower seller contribution limits to reduce risk. The changes are expected to take place in the spring. No other economic data will be released today.