Daily Market Update 8/15/14

Mortgage rates were little changed Friday as key economic data came in close to expectations.  This morning, July Industrial Production increased by 0.4%, slightly better than expected.  Capacity Utilization rose to the highest level since 2006, providing further signs of recovery in the manufacturing sector.  The July Producer Price Index (PPI) increased 0.1%, matching forecast, and was 1.7% higher than one year ago.  The Empire State index, a survey of manufacturers in the New York region, fell unexpectedly to 14.7.  Consumer Sentiment declined to 79.2.  An increase to 82.0 had been forecast.  No other key data will be released today.

Back to top