Daily Market Update 1/14/15

Mortgage rates inched lower Wednesday following the release of weaker than expected economic data.  December Retail Sales fell 0.9%, far below the consensus forecast for a decline of just 0.1%.  Separately, Import Prices fell 2.7%, in line with expectations.  Stocks moved sharply lower.  Results from today’s 30-year Treasury auction will be released at 1:00 PM.

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