Fed Chair testifies and mortgage rates drop two days in a row

Mortgage rates getting some good action the last couple days as we continue to dead cat bounce over and over in this massive downtrend in mortgage bonds. The FED claims to be committed and capable of taming inflation, but in the same testimony says there are things out of their control that could continue to cause problems. You cannot believe a word these people say - that's what I've learned. We WILL be in a recession by next Friday but it wont be a bad one most likely. I haven't seen any reason to think otherwise, but if I do, I'll change my mind and let you know. Hope it helps. Links below!

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VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today

LINKS:
https://rumble.com/v19jt1j-biden-admin.-claims-no-recession-coming-despite-experts-saying-its-inevitab.html
https://www.cnbc.com/2022/06/22/powell-tells-congress-the-fed-is-strongly-committed-to-bringing-inflation-down.html
https://www.cnbc.com/2022/06/22/biden-calls-on-congress-to-suspend-gas-tax-what-that-means-for-prices.html
https://www.forbes.com/sites/brendarichardson/2022/06/20/home-sales-post-a-rare-decline-for-may-as-mortgage-rates-rise/?sh=35f0196967f5
https://www.redfin.com/news/investor-home-purchases-q4-2021/
https://fred.stlouisfed.org/series/MORTGAGE30US