Daily Market Update 5/15/15

Mortgage rates inched lower Friday following the released of weaker than expected economic data.  April Industrial Production fell 0.3%, below the consensus forecast for a 0.1% increase.  The Empire State regional manufacturing index rose to 3.1, a bit below expectations.  Readings above zero indicate expansion in the manufacturing sector in the New York region.  Consumer Sentiment declined to 88.6, well below forecast.  No other key data will be released today.

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