Daily Market Update 7/30/13

Mortgage rates held steady Tuesday in relatively quiet trading ahead of tomorrow’s Fed announcement.  In economic news, the S&P/Case-Shiller 20-city home price index rose 2.4% in May and was an astounding 12.2% higher than one year ago, the largest annual increase since March 2006.  Consumer Confidence fell to 80.3, slightly below expectations.  No other key data will be released today.

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