[ANALYSIS] Mortgage rates burp during Fed chair’s testimony

RE ArtBy Matthew Graham | Mortgage News Daily

Mortgage rates moved slightly higher again Tuesday.  Fed Chair Janet Yellen provided her semi-annual testimony to the Senate Banking Committee . The financial markets that underlie mortgage rates saw quite a bit of volatility during the testimony, but it ultimately canceled itself out.  This left the secondary mortgage market in roughly the same position as it was earlier in the morning.  Unfortunately, that position was a bit weaker than yesterday’s latest levels which were, themselves, the weakest of the day.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.