Daily Market Update 12/17/13

Mortgage rates held steady Tuesday in relatively quiet trading.  In economic news, the November Consumer Price Index (CPI) was unchanged from October, matching the consensus forecast, and was a mere 1.2% higher than one year ago.  Core CPI, which excludes volatile food and energy components, rose 0.2%, slightly above expectations.  Stocks were mixed.  The Fed began its two-day Federal Open Market Committee meeting this morning to discuss monetary policy.  The highly anticipated Fed statement will be released tomorrow at 2:00 PM.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

Back to top