Daily Market Update 6/19/12

Mortgage rates were little changed Tuesday in quiet trading.  May Housing Starts fell 5% to an annual rate of 708,000 units, below expectations.  Meanwhile, Building Permits rose 8% to 780,000 units, the highest level since September 2008.  Stocks moved higher.  The Fed begins a two-day FOMC meeting today and will release its monetary policy statement tomorrow at 12:30 PM.  No other data will be released today.