Daily Market Update 2/11/15

Mortgage rates were little changed in quiet trading Wednesday as investors await news from a meeting between Greek and Eurozone officials, although no agreement between the parties is expected.  Stocks moved lower.  The Mortgage Bankers Association weekly purchase activity index fell 7%, while the refinancing activity index declined 10%.  Average reported conventional 30-year fixed rates rose to 3.84% plus .31 points.  Results from today’s 10-year Treasury auction will be released at 1:00 PM.

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