Daily Market Update 10/12/12

Mortgage rates held steady Friday following the release of mixed inflationary data.  The September Producer Price Index (PPI) rose 1.1% from August, above expectations, driven mainly by higher energy prices.  Core PPI, excluding volatile food and energy components, was unchanged, which was lower than expected.  Consumer Sentiment came in at 83.1, beating forecast.  Next week’s key economic figures include Monday’s release of September Retail Sales and Tuesday’s release of the Consumer Price Index and Industrial Production.  No other data will be released today.

Leave a Reply

Your email address will not be published.

Back to top