Daily Market Update 4/28/16

Mortgage rates were little changed Thursday after improving slightly following yesterday’s Fed meeting.  This morning, estimated first quarter GDP indicated the economy grew by 0.5%, a bit below forecast.  Weekly Jobless Claims rose to 257,000, which was very close to expectations.  Stocks moved lower.  Results from today’s 7-year Treasury auction will be released at 1:00 PM.

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