Daily Market Update 7/13/09

Mortgage rates were little changed Monday as mortgage-backed securities held gains from last week. Stocks were mixed, oil prices slid below $60 per barrel. Investors are focusing on inflation data to be released over the next two days, beginning with the Producer Price Index on Tuesday, followed by the Consumer Price Index on Wednesday. In addition, minutes from the June 24 FOMC meeting of the Federal Reserve will be released Wednesday.