Daily Market Update 4/22/13

Mortgage rates held steady Monday following the release of weaker than expected housing data.  The National Association of Realtors said Existing Home Sales fell 0.6% in March to 4.92 million annual units, although the median price jumped 11.8% from one year earlier, the largest increase since 2005.  A limited supply of inventory was cited as a driving factor in both figures.  No other key data will be released today.

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