Daily Market Update 6/14/12

Mortgage rates were little changed Thursday in quiet trading.  In economic news, the May Consumer Price Index (CPI) declined 0.2% from April, and was 1.7% higher than one year ago.  Core CPI, excluding food and energy components, increased 0.2%, matching expectations, and was 2.3% higher year-over-year.  Weekly Jobless Claims rose to 386,000, above forecast.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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