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Yellen Speech Keeps Investor at Bay

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

FEd Chairwoman Janet Yellen's much anticipated mesmerizing soliloquy will be occurring this Friday at the economic symposium in Jackson Hole, Wyoming.  Crude Oil futures rose to above $47 today as the average 30 year conforming loan (for loans of $417,000 or less) rate today increased to 3.67%.  The U.S. Treasury auction of $34 billion 5 year notes garnered a B+ rating today.  The Dow lost 65 points in a soft Pre-Yellen market.