Additional comments indicating that the Fed is in no rush to tighten policy and renewed concerns about Europe helped mortgage rates improve this week. Mixed economic data and Treasury auction results had little overall impact. After the March 13 Fed statement, mortgage rates swiftly moved higher, but they have since improved and are close to […]

Mortgage rates remained volatile this week, mostly due to shifting expectations about future Fed action. Early in the week, mortgage rates continued last week’s move higher. Comments from Fed officials helped them recover their losses later in the week, though, and they ended the week slightly lower. While the Fed does not control mortgage rates […]

What began as a quiet week quickly turned negative following the release of Tuesday’s Fed announcement. Mixed economic data and Treasury auctions had little impact. Mortgage rates ended the week significantly higher. While it was very similar to the last statement, the Fed announcement reflected some degree of improvement in the economy. This caused investors […]

It was a volatile week for mortgage rates, reacting to mixed economic data and unexpected comments from Fed Chief Bernanke. The various influences roughly offset each other, though, and mortgage rates ended the week essentially unchanged, even for a mortgage in Michigan. Testifying before Congress on Wednesday, Fed Chief Bernanke caused a swift move higher […]