Mortgage rates remained unchanged yesterday regardless of economic data that was released. Today reports will show manufacturing in New York area expanded in August at the fastest pace in six months. Consumer prices rose 2 percent in July from the previous year; that is up from 1.8 percent in June. Finally, producer process rose 2.1 percent in July, slowing from 2.5 percent in June. Now the market begins to focus on the FOMC and their commitment to taper bond purchases…here we go again.
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