Daily Market Update 4/22/15

Rates faced upward pressure Wednesday following comments by Eurozone officials suggesting that Greece should be able to remain solvent until June and stronger than expected housing data in the U.S.  This morning, the National Association of Realtors reported March Existing Home Sales jumped by 6.1% to 5.19 million annual units, well above the consensus forecast of 5.05 million, to the highest level since September 2013.  The strong rebound came on the heals of relatively weak sales in January and February, indicating severe weather may have been a factor in the disappointing results for those months.  No other key data will be released today.

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