Daily Market Update 6/12/14

Mortgage rates were unchanged Thursday in quiet trading as newly released economic data came in slightly below expectations.  May Retail Sales rose 0.3%, below the consensus forecast of 0.7%, but April figures were revised upward.  Weekly Jobless Claims increased to 317,000, a bit higher than expected.  Import Prices rose a tame 0.1%, close to forecast.  No other key data will be released today.

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