Daily Market Update 12/12/13

Mortgage rates inched higher Thursday following the release of mixed economic data.  This morning, November Retail Sales increased by 0.7%, beating expectations.  Weekly Jobless Claims jumped to 368,000, far exceeding the consensus forecast of 325,000, but the data may have been distorted by the Thanksgiving holiday.  Import Prices declined 0.6%, close to expectations.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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