Daily Market Update 5/21/09

Mortgage rates were little changed Thursday as stocks fell sharply. Weekly Jobless Claims were reported at 631,000, close to consensus forecast. Leading Indicators rose 1.0% last month, beating expectations. Freddie Mac reported average conventional 30-year fixed rates of 4.82% with 0.6 points for the past week. The mortgage-backed securities market will close tomorrow at 2:00 PM for the Memorial Day Holiday.

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