Daily Market Update 11/23/11

Mortgage rates inched higher Wednesday in light trading ahead of the Thanksgiving holiday.  October Durable Goods Orders fell 0.7%, but increased 0.7% excluding the volatile transportation component.  Personal Income rose 0.4%, which was close to expectations.  The October Core PCE price index, one of the Fed’s preferred measures of inflation, increased 0.1%, matching forecast.  Weekly Jobless Claims rose slightly to 393,000.  The U.S. financial markets will be closed tomorrow.  Happy Thanksgiving!

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