Daily Market Update 4/26/16

Mortgage rates were little changed Tuesday despite the release of weaker than expected economic data.  March Durable Goods Orders rose 0.8%, below the consensus forecast of 1.7%.  Consumer Confidence declined to 94.2, below expectations.  The Federal Open Market Committee of the Fed began its periodic two-day meeting to discuss monetary policy this morning.  A policy statement will be released tomorrow afternoon.  Results of today’s 5-year Treasury auction will come out at 1:00 PM.

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