Daily Market Update 8/18/14

Rates faced upward pressure Monday as reports of truce talks between Russian and Ukrainian officials boosted stocks and hurt mortgage-backed securities.  In economic news, the National Association of Home Builders housing confidence index rose to 55, beating expectations, despite sharply lower New Home Sales in July.  Readings above 50 indicate more positive than negative sentiment among home builders.  No other key data will be released today.

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