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.
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