Daily Market Update 3/25/14

Mortgage rates were little changed Tuesday following the release of mixed economic data.  This morning, the S&P-Case/Shiller 20-city home price index reportedly fell 0.1% in January, a bit below forecast, but jumped 13.2% compared to one year ago.  Consumer Confidence rose to 82.3.  A reading of 78.1 had been expected.  February New Home Sales declined by 3.3% to 440,000 annual units, in line with expectations.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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