Daily Market Update 2/26/15

Mortgage rates inched lower Thursday following the release of weaker than expected economic data.  Weekly Jobless Claims jumped to 313,000, well above forecast.  The January Consumer Price Index (CPI) fell by 0.7% and was 0.2% lower than one year ago.  Core CPI, which excludes volatile food and energy components, rose 0.2% and was 1.6% higher year-over-year.  January Durable Goods Orders increased 2.8%, beating estimates.  Excluding volatile transportation orders, Durable Orders rose just 0.3%, which was weaker than expected.  No other key data will be released today.

Back to top