Industrial Production and Capacity Utilization
November's Industrial Production data was released at 9:15 AM ET this morning. It showed a 0.2% increase in output at U.S. factories, mines and utilities. This was slightly lower than the 0.3% rise that was expected, making the data favorable for mortgage rates. However, this report is considered to be only moderately important. Therefore, its influence on this morning’s rates has been minimal.