Daily Market Update 9/22/14

Rates inched lower following the release of weaker than expected housing data.  This morning, the National Association of Realtors reported August Existing Home Sales fell by 1.8% to 5.05 million annual units.  An increase to 5.20 million units had been expected.  Sales were 5.3% lower compared to August last year.  No other key data will be released today.

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