Daily Market Update 2/22/17

Mortgage rates held steady Wednesday as stocks moved lower.  In economic news, January Existing Home Sales rose to 5.69 million annual units, beating expectations.  The National Association of Realtors reported that sales figures would have been stronger had it not been for a shortage of inventory.  Results from today’s 5-year Treasury auction will be released at 1:00 PM.  Detailed Minutes from last month’s Fed meeting will be released at 2:00.

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