Daily Market Update 2/23/15

Rates were little changed Monday as mortgage-backed securities bounced back from Friday’s late losses.  In economic news, the National Association of Realtors reported January Existing Home Sales fell to 4.82 million annual units, far below expectations, to the lowest level in 9 months.  A shortage of inventory was cited for the decline.  Stocks moved lower.  No other key data will be released today.

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