Daily Market Update 12/23/13

Mortgage rates held steady Monday in quiet trading.  In economic news, the November Core PCE price index, the Fed’s preferred measure of inflation, rose 0.1%, and was a tame 1.1% higher year-over-year.  Personal Income increased 0.2%, well below expectations.  Consumer Sentiment came in at 82.5, close to forecast.  Stocks moved higher.  No other key economic data will be released today.  Mortgage Network will be closed on Tuesday and Wednesday.  Merry Christmas!

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