Daily Market Update 7/15/13

Mortgage rates were little changed Monday following the release of mixed economic data.  This morning, the Empire State Index rose to 9.5, well above forecast.  Readings above zero indicate expansion in the manufacturing sector in the region.  June Retail Sales increased 0.4%, far below expectations.  Also this morning, ratings agency Fitch lowered the sovereign credit rating of France.  No other key data will be released today.

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