Mortgage And Refinance Rates, March 31 | Rates falling today
U.S. core inflation, for example, recently jumped the most in four decades, 0.9% on a monthly basis. The Bank of Canada said this week that inflation will ease up by year end, and markets believe it. But the bond market, which is normally hyper-sensitive to rising inflation, did something unexpected this week. Instead of pushing rates up, investors drove them to their lowest level in three months. ‘The speed of this economic recovery. is like no other. But we anticipate that few, if any, major fixed-rate cuts are on the near-term horizon. The market believes it’s just a few,if any, that is on theNear-term horrific horizon.