Mortgage Rates Moderately Lower After Yellen Testimony

Mortgage rates went on a wild ride today. Even after the positive data this morning, the mortgage bonds did not really hit stride until Janet Yellen started into her speech, and then they took off in the wrong direction.

Semiannual Monetary Policy Report to the Congress. During the first quarter of this year, job gains averaged 200,000 per month, just a bit slower than last year’s pace. And while the unemployment rate held steady at 5 percent over this period, the labor force participation rate moved up noticeably.

(MENAFN Editorial) NEW YORK, July 13, 2017 /PRNewswire/ –After three weeks of consecutive increases, mortgage. Yellen’s assurances in her testimony on Capitol Hill Wednesday that inflation is.

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“As mortgage. testimony that the Fed’s thinking on the health or direction of the economy is any different from what it is otherwise widely perceived to be. Yellen may talk about the slack jobs.

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After trending lower for most part of 2014, mortgage rates have started edging up. Janet Yellen’s first testimony to the Congress as the new Fed Chairperson was the trigger behind the mortgage backed securities (MBS) rout. When MBS go down in price, mortgage rates go up. Yellen made it clear that she would continue the policies seen from Bernanke.

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Adjustable mortgage rates saw decreases also, with the 5-year ARM dipping to 3.54 percent and the 10-year ARM creeping lower to 3.96 percent. Mortgage rates took a breather this week after rising.

Mortgage Rates Moderately Lower After Yellen Testimony Jul 15 2015, 5:49PM Mortgage rates once again focused more on domestic issues today as Greece had not yet voted to approve its bailout by the.

Mortgage Rates Continue Lower After Yellen Testimony Nov 14 2013, 5:02PM Mortgage rates continued lower today following the Janet Yellen’s confirmation hearing before the Senate Banking Committee.

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Home Yellen’s testimony shows dovish approach toward. Yellen’s testimony shows dovish approach toward federal funds rate. as she pointed out the moderate growth rate during the first.