Daily Market Update 3/30/15

Mortgage rates were little changed Monday as stocks surged.  In economic news, the February Core PCE price index, the Fed’s preferred measure of inflation, rose 0.1%, matching expectations, and was a tame 1.4% higher than one year ago.  Personal income increased 0.4%, beating forecast.  The National Association of Realtors reported Pending Home Sales jumped 3.1% in February.  An increase of 0.5% had been expected.  No other key data will be released today.

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