Daily Market Update 12/22/11

Mortgage rates held steady Thursday despite the release of generally stronger than expected economic data.  This morning, weekly Jobless Claims fell to 364,000, below the consensus forecast of 380,000, to the lowest level since April 2008.  Third quarter GDP was revised lower to 1.8% from 2.0%.  Consumer Sentiment rose to 69.9.  A reading of 68.0 had been expected.  Leading Indicators increased by 0.5%, beating forecast.  No other key data will be released today.

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