Daily Market Update 3/31/10

Mortgage rates held steady Wednesday on mixed economic data. The Chicago Purchasing Managers Index declined more than expected to 58.8 from 62.6 last month. Meanwhile, Factory Orders increased 0.6% in February, beating forecast. The Mortgage Bankers Association weekly purchase activity index rose 6.8%, while the refinancing activity index fell 1.3%. No other data will be released today.