Daily Market Update 1/28/16

Mortgage rates held steady Thursday as weaker than expected economic data offset a rise in stocks and oil prices.  This morning, December Durable Goods Orders fell 5.1%, well below expectations.  Weekly Jobless Claims fell to 278,000, close to forecast.  Pending Home Sales rose by 0.1%.  An increase of 0.8% had been expected.  Results from today’s 7-year Treasury auction will be released at 1:00 PM.

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