Mortgage Rates Moderately Lower After Yellen Testimony

In part, the pickup reflected some rebuilding of inventories and a surge in soybean exports. In addition, consumer spending has continued to post moderate gains, supported by solid growth in real disposable income, upbeat consumer confidence, low borrowing rates, and the ongoing effects of earlier increases in household wealth.

Mortgage rates took. how domestic economic data can Trump Greece-related considerations. Tomorrow may see an even bigger battle as the expected increase in Greek headlines will face off against.

Mortgage rates moved slightly higher again today. Fed Chair Janet Yellen provided her semi-annual testimony to the Senate Banking Committee this morning. The financial markets that underlie mortgage rates saw quite a bit of volatility during the testimony, but it ultimately canceled itself out.

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In her testimony before the. though still historically-low, mortgage rates. And part of it reflects weaker demand from low household growth – from young people living at home instead of on their.

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Chair Yellen submitted identical remarks to the Committee on Financial Services, U.S. House of Representatives, on February 15, 2017. chairman crapo, Ranking Member Brown, and other members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress.

Janet Yellen released her prepared remarks and the bond market proceeded to rally. Yields dropped and so did mortgage rates. Later in the day she testified before Congress and provided additional commentary that helped maintain the rally into the afternoon.

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Mortgage Rates were unchanged to slightly lower this morning following the much-anticipated Jackson Hole speech from Fed Chair Janet Yellen. Markets were looking. afternoon and most lenders raised.

Discount points averaged 0.50 percent for 30 and 15 year fixed rate mortgages and 0.40 percent for 5/1 adjustable rate mortgages. Lower mortgage rates may encourage first-time and moderate income home buyers to enter the market, although slim supplies of available homes and rising home prices have caused ongoing concerns about affordability in.

During her testimony on Capitol Hill, a dovish Fed Chair Yellen said she. according to the Mortgage Bankers Association’s seasonally adjusted report. volume was 36 percent lower than a year ago as.

MBS RECAP: Bonds Looking Reluctant to Make Bigger Moves Without Data MBS RECAP: Bad Day, Good Week, Flat Month AS WE HEAD INTO OUR FIRST FULL WEEK OF JUNE, IT’S TIME NOW TO CHECK WEATHER AND METEOROLOIGST CINDI CLAWSON IS FILLING IN FOR MIKE HOFFMAN THIS WEEK. CINDI- WE WRAPPED UP THE MONTH OF MAY WITH ONE.Posted To: mbs commentary. bonds began the day in roughly unchanged territory. On the one hand, that was impressive considering the lack of substance underlying yesterday’s rally. On the other hand, that lack of substance meant we were at risk of a bigger reaction to the Retail Sales data.

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.