Daily Market Update 10/23/13

Rates were litle changed Wednesday as mortgage-backed securities held onto yesterday’s gains.  In economic news, September Import Prices increased by 0.2%, in line with expectations.  The Mortgage Bankers Association weekly purchase activity index rose 1.0%, while the refinance activity index declined 1.0%.  Average reported conventional 30-year fixed rates fell to 4.39%, not including fees, the lowest level since June.  No other key data will be released today.

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