Daily Market Update 8/17/11

Mortgage rates dipped Wednesday in spite of an unexpected increase in wholesale prices.  The July Producer Price Index (PPI) rose 0.2% from June, and was 7.2% higher than one year ago.  Core PPI, which excludes volatile food and energy components, rose 0.4% in July, and 2.5% year-over-year.  Stocks moved higher.  No other key data will be released today.

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