Daily Market Update 9/18/15

Mortgage rates inched lower Friday following yesterday’s decision by the Federal Reserve to maintain the Fed Funds Rate at its current level, near zero, for a while longer.  According to Fed Chairwoman Janet Yellen, the Fed’s outlook for inflation has “softened slightly”, partly due to weaker global economic conditions.  Stocks moved sharply lower this morning.  Separately, Leading Indicators rose 0.1%, a bit below forecast.  No other key economic data will be released today.

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