Daily Market Update 11/18/11

Mortgage rates remained steady Friday in quiet trading.  Leading Indicators rose 0.9%, beating expectations.  No other key economic data will be released today.  Next week, revised third quarter GDP figures will come out on Tuesday.  Durable Goods Orders, the Core PCE price index, and minutes from the November FOMC meeting of the Fed will be released on Wednesday.  Also next week, the Treasury will hold auctions of 3-, 5-, and 7-year notes over three days beginning Monday.  Financial markets will be closed on Thursday in observance of Thanksgiving.

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