Mortgage Rates Slightly Higher After Fed Speakers

Mortgage Rates were unchanged to slightly lower this morning following the much-anticipated Jackson Hole speech from Fed Chair Janet Yellen. Markets were looking for clues about upcoming rate hikes, but true to form, Yellen played things close to the vest. Underlying bond markets initially indicated higher rates due to Yellen’s comment about the case for rate hikes having strengthened in recent months, but ultimately, this isn’t anything markets didn’t already know. As such, bonds swung back in the other direction, thus providing a drama-free backdrop for mortgage rates. Unfortunately, that backdrop didn’t stick a around as other Fed speakers gave investors more cause for concern. Underlying…
Mortgage Rates Newsletter – Market Analysis

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