Daily Market Update 8/16/13

Mortgage rates were little changed Friday.  In economic news, July Housing Starts rose 6% to an annual rate of 896,000, a bit below forecast.  Building Permits, a leading indicator, increased by 3%.  Second quarter Productivity jumped 0.9%, beating expectations.  Consumer Sentiment fell unexpectedly to 80.0.  No other key data will be released today.

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