Mortgage Market Update 2/21/18

Rates were little changed Wednesday as stocks rebounded from yesterday’s sharp losses.  In economic news, the National Association of Realtors reported January Existing Home Sales fell to 5.38 million annual units, well below expectations.  Severe weather and rising interest rates were blamed for the shortfall.  Detailed minutes from the January 31 Fed meeting will be released at 2:00 PM.

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