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What’s Ahead For Mortgage Rates This Week – February 12th, 2018

February 12, 2018 by Michael Addison

Jerome "Jay" Powell was sworn in as Chair of the Federal Reserve amidst wild fluctuations in U.S. stock markets. Analysts attributed sliding stock prices to fears over inflation. Mr. Powell, who follows former Fed Chair Janet Yellen, introduced himself via a video clip on the Fed's website. Weekly readings on mortgage rates and new jobless claims were also released. New Fed Chair Promises "Transparency" in Video Introduction In a video introduction posted on the Fed's website, new Fed Chair Jay Powell promised that the Fed would explain "what we are doing and why we are doing it." Mr. Powell did not address stock market volatility but said that monetary policy decisions would be … [Read more...]

Filed Under: Market Outlook Tagged With: Fed Chair, Interest Rates, Market Update, Unemployment

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