Daily Market Update 12/13/11

Mortgage rates remained near record-low levels Tuesday ahead of this afternoon’s Fed announcement.  In economic news, Retail Sales rose 0.2%, below expectations.  Results from today’s 10-year Treasury auction will be released at 1:00 PM.  The Federal Open Market Committee of the Fed is meeting today and will release its statement at 2:15 PM.  No rate changes are expected, and investors are not anticipating any plans for additional stimulus at this time.

Leave a Reply

Your email address will not be published.

Back to top