Daily Market Update 5/26/16

Mortgage rates were little changed Thursday despite the release of stronger than expected economic data.  This morning, weekly Jobless Claims fell to 268,000, below the consensus forecast of 275,000.  April Durable Goods Orders jumped 3.4%, well above expectations.  Excluding volatile transportation orders, the results matched forecast.  The National Association of Realtors announced April Pending Home Sales rose 5.1% to the highest level since February 2006.  Results from today’s 7-year Treasury auction will be released at 1:00 PM.

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