Daily Market Update 2/21/14

Mortgage rates held steady Friday in quiet trading.  This morning, the National Association of Realtors reported January Existing Home Sales declined by 5.1% to 4.62 million annual units, below expectations, to an 18 month low.  Severe weather throughout much of the U.S. appeared to be a contributing factor in the disappointing figures.  No other key economic data will be released today.

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