Daily Market Update 1/22/16

Rates inched higher Friday as stocks rallied, pressuring mortgage-backed securities.  In economic news, December Existing Home Sales jumped 14.7% to 5.46 million annual units, well above the consensus forecast of 5.20 million.  Leading Indicators fell 0.2%, in line with expectations.  No other key data will be released today.  Our office will be closing early today due to the winter storm.  Have a safe weekend!

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