Rates held steady Monday as newly released economic data came in below expectations. This morning, the Empire State manufacturing index fell to 5.2, far below the consensus forecast of 15.0. Readings above zero indicate expansion in the manufacturing sector across the state of New York. The National Association of Home Builders housing sentiment index declined to 68, a bit lower than expected. Readings above 50 indicate more positive than negative sentiment among home builders. No other key data will be released today.