# What Janet Yellen Confirmation as Treasury Secretary Could Mean for Mortgage Rates

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This week, the Senate overwhelmingly voted to approve Janet Yellen as the first female U.S. Treasury secretary, and investors began speculating how her policies could affect historically low mortgage rates

Before she’d been nominated, most of the experts we talked to said that Janet Yellen’s policies would likely boost the economy and push inflation upward, but none of them are expecting major rises in mortgage rates over the next year.

“Even if we see some inflation as we get out of the pandemic, as people start to spend more money, I think the Federal Reserve is going to be hesitant to raise interest rates,” says Daryl Fairweather, chief economist at Redfin.

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