Daily Market Update 4/22/14

Rates held steady Tuesday as today’s economic data came in close to expectations.  This morning, the National Association of Realtors reported that March Existing Home Sales fell by 0.2% to 4.59 million annual units, the lowest level since July 2012.  A steeper decline to 4.57 million units had been expected.  The Median Sales Price rose by 7.9% year-over-year to $198,500.  Stocks moved higher.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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