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Market Commentary | November 15, 2013

Friday, November 15, 2013   /   by David White

Market Commentary | November 15, 2013

 


by Caliber Home Loans, Inc or special contributors on 11/15/13


 


Weekly Update | November 15, 2013


 


While several Fed officials released statements throughout the short week, mortgage rates improved around Thursday morning's dovish testimony before the Senate by future Fed Chair, Janet Yellen.  Yellen stated that while the U.S. economy continues to improve, both the economy and the job market are performing far short of their potential.  Yellen further stated that there need to be capital and liquidity rules against "too-big-to-fail" companies, while the Fed will be committed to a regulatory role in order to reduce the threat of crisis.  Atlanta Fed President, Dennis Lockhart, stated earlier in the week that the Fed may taper as early as December.  Philadelphia Fed President, Charles Plosser, also supported a more limited role of the Fed.  Comments from Minneapolis Fed President, Narayana Kocherlakota, did support Yellen, stating how tapering, soon would be a drag on the economy.  To Read More - Visit our blog at Dallas Mortgage Lending


 


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