Wisconsin Mortgage Rates are gearing up for volatility. Fed Chairman Ben Bernanke is due to testify to Congress on Wednesday and Thursday and could provide clarity on when the Fed will scale back its asset purchases. When the chairman has spoken in recent months we have seen ridiculous volatility.

Last week, the markets rallied after the Fed chief said the central bank would keep its stimulus policies in place for some time.

"In recent weeks the message that he's given is that we have seen signs of improvements in the U.S. economy and we're going to move towards tapering," "Then he gives us the message that we got last week, so I think markets will be cautious ahead of Bernanke's testimony," "Never say never with Bernanke and I think that was very much the case last week when he surprised markets," said Robert Rennie, global head of currency strategy at Westpac.

June's softer-than-expected U.S. retail sales data suggest Federal Reserve Chairman Ben Bernanke could reiterate that monetary stimulus will stay in place for now when he testifies to Congress this week, but don't bet on it, say some strategists.

Milwaukee Mortgage Rates have come down off their 4.625% high for a 30 year fixed. Now might be a good time to lock ahead of what could be a volatile day tomorrow. www.mortgageserviceswi.com