Daily Market Update 4/17/12

Mortgage rates faced upward pressure Tuesday as a stock market rally hurt mortgage-backed securities.  In economic news, March Housing Starts declined by 6% to an annual rate of 654,000 units, below the consensus forecast of 700,000.  Building Permits increased by 5%, however, beating expectations.  Industrial Production was unchanged in March, which was weaker than expected.  No other key data will be released today.

Leave a Reply

Your email address will not be published.

Back to top