Mortgage rates stood at their lowest levels in more than 2 months as of last Wednesday, but have since moved higher for 3 straight days . This leaves them roughly in the middle of their recent range--seemingly ready to move in either direction depending on this week's motivation. Investors will be looking for that motivation first and foremost from Fed Chair Yellen's congressional testimony , which begins tomorrow morning and continues on Wednesday morning. Although not an official Fed policy statement, these testimonies often serve as a venue for the Fed Chair to confirm, deny, or tweak preva...
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