Mortgage Market Update 9/19/18

Rates inched higher Wednesday as a rally in stocks hurt mortgage-backed securities.  In economic news, August Housing Starts rose 9% to an annual rate of 1,282,000, above the consensus forecast of 1,240,000.  However, Building Permits fell short of expectations with a decline of 6% to the lowest level in more than a year.  No other key data will be released today.

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