Daily Market Update 4/14/15

Mortgage rates were little changed Tuesday as newly released economic data came in close to expectations.  March Retail Sales rose 0.9%, slightly below the consensus forecast of +1.0%.  The Producer Price Index (PPI) increased by 0.2% and was 0.8% lower than one year ago, mostly due to oil prices.  Core PPI, which excludes volatile food and energy components, rose 0.2%, and was a tame 0.9% higher than one year ago.  No other key data will be released today.

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