Daily Market Update 11/17/14

Mortgage rates held steady Monday following the release of mixed economic data.  October Industrial Production declined 0.1%.  An increase of 0.2% had been expected.  The Empire State Index came in at 10.2, above the consensus forecast of 10.0.  Readings above zero indicate expansion in the region’s manufacturing sector.  Japan’s third quarter GDP fell 1.6%, far below expectations.  No other key data will be released today.

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