Daily Market Update 4/14/11

Mortgage rates eased slightly Thursday following yesterday’s late rally in mortgage-backed securities. In economic news, weekly Jobless Claims rose to 412,000, above the consensus forecast of 385,000. The March Producer Price Index (PPI) increased by 0.7% from February, and was 5.8% higher than one year ago. Core PPI, which excludes volatile food and energy components, rose 0.3% for the month, slightly above expectations. Stocks moved lower. Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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