Daily Market Update 8/12/11

Mortgage rates held steady Friday, ending one of the most volatile weeks ever.  Yesterday, rates reached new lows for the year.  This morning, July Retail Sales rose 0.5%, in line with expectations.  Consumer Sentiment fell to the lowest level since May 1980.  No other key data will be released today.  Next week, Industrial Production will come out on Tuesday, the Producer Price Index on Wednesday, and the Consumer Price Index and Existing Home Sales on Thursday.

Leave a Reply

Your email address will not be published.

Back to top