Daily Market Update 12/10/08

Mortgage rates inched lower Wednesday. No economic data is scheduled for release today. Traders are turning their focus to a flurry of reports due out in coming days, including Friday's release of Retail Sales and Producer Price Index data for November, Monday's Industrial Production, and Tuesday's Consumer Price Index and Federal Open Market Committee meeting. The mortgage-backed securities market will likely remain volatile throughout the period. Stocks moved modestly higher.