Fed pauses rate cuts, continues mortgage ‘quantitative tightening’

Trump wants lower rates. Fed Chair Jerome Powell says he’s not spoken to the President, and that “we don’t need to be in a hurry to adjust the policy stance.” Continue reading

Drop in bond yields could also give mortgage rates room to ease

Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back to where they were at the beginning of October. Continue reading