Mortgage Market Update 4/10/18

Rates were little changed Tuesday despite a rally in stocks and the release of stronger than expected inflation data.  This morning, the March Producer Price Index (PPI) rose 0.3%, above the consensus forecast for an increase of 0.1%.  Core PPI, which excludes volatile food and energy components, also rose 0.3% and was 2.7% higher than one year ago.  No other key data will be released today.

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