Fed chair dismisses suggestion that central bank could resume its purchases of mortgage-backed securities to bring down mortgage rates and improve housing affordability
Purchase loan applications are up 9% from a year ago, as inventories of new and existing homes increase and lower mortgage rates help with affordability, MBA lender survey suggests
Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back down to where they were at the beginning of October