Daily Market Update 10/19/12

Mortgage rates held steady Friday, ending about .125% higher for the week.  This morning, the National Association of Realtors reported Existing Home Sales declined by 1.7% in September, in line with expectations.  The big economic event next week will be a two day meeting of the Federal Open Market Committee of the Federal Reserve, beginning on Tuesday.  Also next week, Durable Goods Orders will come out on Thursday and advanced third quarter Gross Domestic Product (GDP) estimates on Friday.  No other key data will be released today.

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