So Janet Yellen gives her update last week and it moves both the stock and bond markets with her Quantitative Easing comments. Saying they no longer need the unemployment rate to hit a specific number for them to end QE. Both stocks and bonds started a sell off after her comments – moving mortgage interest rates up a pinch.
Then Fed member Richard Fisher was speaking about how Yellen’s comments were a bit sloppy – clearly a house divided. More to come on this I am sure.
So with mortgage rates going up a pinch – will this put buyers and sellers on the sidelines?