Mortgage Market Update 12/12/18

Mortgage rates inched higher Wednesday reflecting yesterday’s late market activity.  In economic news, the November Consumer Price Index (CPI) was unchanged, matching forecast.  Core CPI, which excludes volatile food and energy components, rose 0.2%, in line with expectations, and was 2.2% higher than one year ago.  Results from today’s 10-year Treasury auction will be released at 1:00 PM.

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