Daily Market Update 11/25/13

Mortgage rates were little changed Monday.  In economic news, the National Association of Realtors reported that the Pending Home Sales index fell unexpectedly by 0.6% in October, the fifth consecutive monthly decline, to the lowest level since last December.  Much of the slowdown has been attributed to higher mortgage rates, which have risen by nearly 1% since April.  No other key data will be released today.

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