Daily Market Update 3/28/16

Mortgage rates inched lower Monday following the release of weaker than expected inflation data.  This morning, the February Core PCE price index, the Fed’s preferred measure of inflation, rose 0.1% and was 1.7% higher than one year ago.  Separately, Pending Home Sales jumped 3.5% in February, beating expectations.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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