Daily Market Update 4/29/13

Mortgage rates held steady Monday following the release of mixed economic data.  The March Core PCE price index, the Fed’s preferred measure of inflation, was unchanged from February, and was 1.1% higher than one year ago.  A monthly increase of 0.1% had been expected.  Personal Income rose 0.2%, in line with expectations.  Pending Home Sales increased 1.5% in March, beating forecast.  Stocks moved higher.  No other key data will be released today.

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