Rates Plummet to 3 Week Lows. Has The Corner Been Turned?

Source: Mortgage News Daily — 

Mortgage rates have been volatile in 2022. Most of that volatility has played out in the form of higher rates. The past 2 weeks have been a notable exception.  

To understand why this is happening, we first need to consider that higher inflation means higher rates.  It was easy to forget that for most of the past decade, but impossible to escape since early 2021, and especially since early 2022.