Daily market update: Jan. 14, 2016

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We'll add more market news briefs throughout the day. Check back to read the latest. Fannie Mae's Economic & Strategic Research Group's 2016 Economic & Housing Outlook: Further labor market tightening will lead to increased household income and job security. Home price gains on the low end of the market will continue to outpace household income growth. Consumer spending will underpin economic growth in 2016. Freddie Mac's Primary Mortgage Market Survey: The 30-year fixed-rate mortgage rate averaged 3.92 percent with an average 0.6 point for the week ending January 14, 2016. This was down from last week, when it averaged 3.97 percent. Year-over-year, mortgage rates are up from 3.66 percent. Mortgage rates: [graphiq id="b2w6fmfIyNL" title="30-Year Fixed Rate Mortgage Rates for the Past 6 Months" width="600" height="400" url="" link="" link_text="30-Year Fixed Rate Mortgage Rates for...