Daily Market Update 6/24/14

Mortgage rates were little changed Tuesday in spite of stronger than expected economic data.  The S&P Case-Shiller 20-city home price index rose 1.1% in April and was 11% higher than one year ago.  New Home Sales jumped 18.6% in May to 504,000 annual units, well above the consensus forecast of 440,000, to the highest level in six years.  Consumer Confidence rose to 85.2, beating expectations.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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