Fed Post

The talk is heating up for who the next Fed Chairman will be.  Summers or Yellen?  Summers was the front runner however recently Yellen (who currently sits on board and is a voting member) and received more attention.  Many republican leaders are against Summers.  Yellen is a more of a bond friendly pick.  It’s difficult to say what direction mortgage rates will go under a Summers or Yellen leadership considering the current state of the economy.