Daily Market Update 6/25/12

Mortgage rates held steady Monday at near-record low levels.  In economic news, New Home Sales jumped by 7.6% in May to 369,000 annual units, beating expectations.  Stocks moved lower on concerns about the pace of global economic growth.  The Supreme Court is expected to rule on the legality of certain provisions of the Affordable Care Act this week, which may cause increased volatility in financial markets.  No other key data is expected today.