Daily Market Update 5/30/13

Mortgage rates were little changed Thursday following the release of weaker than expected economic data.  This morning, weekly Jobless Claims rose to 354,000, above the consensus forecast of 340,000.  First quarter GDP was revised slightly lower to 2.4%.  Pending Home Sales increased by 0.3%, a bit below expectations.  Results from today’s 7-year Treasury auction will be released at 1:00 PM.

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