Observers say that the Fed will likely hike rates again before the end of the year
Rates also took a breather after three weeks of consecutive increases
With better-than-expected job growth and new home sales, could the Federal Reserve be about to wind back its $85bn-per-month bond-buying program?
Yellen is widely expected to continue current Fed chair Ben Bernanke's easy-money policies, which have led to historically low interest rates
Fixed mortgage rates shot up this week after stronger-than-expected job gains and home sales
Mortgage applications crept down slightly again for the week ending Nov. 22.
Rates rose slightly in the run-up to Thanksgiving weekend
The conservative Heritage Foundation has announced that it will be "scoring" senators on their votes in the presumptive Fed chair's confirmation.