Daily Market Update 1/11/12

Mortgage rates were little changed Wednesday in quiet trading.  The Mortgage Bankers Association weekly purchase activity index rose by 8.1% while the refinancing activity index increased by 3.3%.  Average reported 30-year fixed rates rose to 4.11% last week, not including fees.  Results from today’s 10-year Treasury auction will be released at 1:00 PM.  The Beige Book, a survey of economic activity by the Fed’s 12 regional banks, will be released at 2:00 PM.

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