Mortgage Market Update 1/11/19

Rates inched lower Friday as newly released inflation data matched expectations.  The December Consumer Price Index (CPI) fell 0.1%, in line with forecast.  Core CPI, which excludes volatile food and energy components, rose 0.2% and was 2.2% higher than one year ago.  The Fed’s target rate for inflation is 2.0%.  No other key data will be released today.

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