Worried comments from Fed’s Powell foreshadow even lower mortgage rates

Federal Reserve Chairman Jerome Powell has been out there again sounding the alarm about the potential for further damage to the economy from the coronavirus pandemic.

In his newest remarks, he worried aloud about the possibility of a second round of infections — which he said could bring a longer and more feeble recovery.

The Fed's words and actions have been helping to push mortgage rates to one new all-time low after another, and the chairman's newest statements could keep rates heading downward.

That would mean even better deals for borrowers buying homes and for homeowners looking to mow down their monthly payments by refinancing.

Doug Whiteman | Yahoo Finance

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