Daily Market Update 3/26/13

Mortgage rates held steady Tuesday following the release of mixed economic data.  February Durable Goods Orders jumped 5.7%, beating forecast, but excluding volatile aircraft orders the results fell short of expectations.  The January S&P/Case-Shiller 20-city home price index rose 8.1% from one year ago, the largest annual increase since 2006.  Consumer Confidence slipped to 59.7.  A reading of 68.0 had been expected.  New Home Sales fell to 411,000 annual units, slightly below the consensus forecast.  Stocks moved higher.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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