Daily Market Update 8/28/12

Mortgage rates were little changed Tuesday following the release of mixed economic data.  This morning, the June S&P/Case-Shiller 20-city home price index rose 2.3% from May and was 0.5% higher than one year ago, the first annual increase since September 2010.  Consumer Confidence fell sharply to 60.6, the lowest reading since last November.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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