Updated on March 21, 2018 10:34:02 AM EDT
The National Association of Realtors gave us today’s only relevant economic data, announcing that home resales rose 3.0% last month. This was a larger increase than what analysts were expecting, meaning the housing sector may be stronger than thought. That by theory, is bad news for the bond and mortgage markets. However, the data hasn’t had much of an impact on today’s mortgage pricing.