Mortgage Bonds are trading near unchanged as Janet Yellen’s confirmation hearing for the role of the next Federal Reserve Chief began this morning at 10:00am ET on Capitol Hill in front of the Senate Banking Committee.
In economic news, Weekly Initial Jobless Claims continue to hover near the 340,000 level while Productivity in the 3rd quarter of this year was essentially unchanged from the previous quarter.
I will continue to recommend to cautiously float your mortgage rate, but sentiment can quickly reverse. If anything changes, I will get back to you.
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