Mortgage Rates Moderately Lower After Yellen Testimony

Stocks turned lower on Wednesday morning after Federal Reserve Chair Janet Yellen triggered fears an interest rate hike could come by year’s end. In her semi-annual testimony to the. into its.

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Average mortgage rates were two basis points lower at 4.15 percent for 30-year fixed rate mortgages; the average rate for 15-year fixed rate mortgages was four basis points lower at 3.35 percent. 5/1 adjustable mortgage rates were three basis points lower at 3.18 percent.

Mortgage Rundown: May 30, 2019 Mortgage rates are trending slightly higher this morning. Overall, we saw last week that even though the MBS market improved only by a slim margin, we saw big mortgage rates swings throughout the week.

Her testimony. mortgage bonds have been aimed at stimulating the economy by keeping long-term borrowing rates low. Overall, "there are no surprises" in Ms Yellen’s testimony said Ward McCarthy,

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After the Federal Reserve announced in December that it would begin tapering purchases of mortgage-backed securities, all the major housing forecasters said rates. Yellen, who took over as chairman.

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 · The housing market has continued to recover gradually, aided by the ongoing improvement in the labor market and mortgage rates that, although.

 · At his Senate confirmation hearing last month, Powell impressed his listeners as an evenhanded moderate who favored the kind of incremental stance on rate hikes that both Yellen.

Mortgage rates for California and rest of the country continue to trend lower. Its at a point where a 30 year-fixed rate under 4% can again be a reality. Last week.

 · NEW YORK, NY – After three weeks of consecutive increases, mortgage rates reversed course this week. The benchmark 30-year fixed mortgage rate slipped to 4.13 percent, according to’s weekly national survey. The average 30-year fixed mortgage has an average of 0.28 discount and origination points.

Will mortgage rates rise or Fall This Week? Mortgage rates are still taking cues from Wall Street as the Dow and S&P 500 continues to slide. Investors are pulling funds from equities and mortgage bonds are benefitting, driving rates lower. Fed Chair Janet Yellen wrapped up the latest senate testimony last week and chatter of negative interest.