"Come Thursday, it appeared the bond market sobered to the notion that higher inflation may indeed be temporary," he notes. "This is what we as mortgage experts have to track in the future--will inflation cool down in months ahead?"
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Bill Bodnar of The Mortgage Market Guide (MMG) says interest rates and stocks were recently jostled around by inflation fears.
"Come Thursday, it appeared the bond market sobered to the notion that higher inflation may indeed be temporary," he notes. "This is what we as mortgage experts have to track in the future--will inflation cool down in months ahead?"