Mortgage Articles

Thursday, July 20, 2006

Ben Bernanke's remarks in the senate today created an easy feeling among bond traders and reversed the recent increase in mortgage rates to some extent.

This came about as the Chairman of the Federal Reserve Board suggested that there are signs of easing inflation down the road, giving the impressing that the Fed may very well increase the Fed Funds rate in August but not in September.

It is worth noting that the 30 year mortgage rates are closely reflective of the 10 year bond yield.




 

 

 



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