Daily Market Update 11/10/11

Mortgage rates inched higher Thursday following the release of stronger than expected economic data.  Weekly Jobless Claims fell to 390,000, the lowest level since April.  October Import Prices declined by 0.6%, and the Trade Deficit was smaller than the consensus forecast.  Italian 10-year bond yields fell below the 7% level, easing investor concerns slightly.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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