Daily Market Update 1/31/12

Mortgage rates inched higher Tuesday reflecting market activity that occurred late Monday.  This morning, the Chicago Purchasing Managers Index fell to 60.2, below the consensus forecast of 63.0.  Readings above 50.0 indicate expansion in the manufacturing sector of the economy.  Consumer Confidence slid to 61.1, far below expectations.  The November S&P Case-Shiller 20-city home price index fell 1.3% and was 3.7% lower than one year ago.  No other key data will be released today.

Leave a Reply

Your email address will not be published.

Back to top