Daily Market Update 11/13/15

Mortgage rates eased slightly Friday morning following the release of weaker than expected economic data.  October Retail Sales rose a mere 0.1%, below the consensus forecast of 0.3%.  The Producer Price Index (PPI) declined by 0.4%, well below expectations.  The more closely watched “Core” PPI, which excludes volatile food and energy components, fell 0.3%, and was a tame 0.1% higher than one year ago.  Consumer Sentiment rose to 93.1, a bit higher than expected.  Stocks moved modestly lower.  No other key data will be released today.

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