All Posts Tagged With: "Fed"
Effect of Fed’s MBS Exit On Mortgage Rates Unknown
In a doomsday scenario, and it is possible, demand for MBS will be so low and prices will plummet so far, 30 year fixed mortgage rates will be driven up into the mid 6’s in a matter of days. If that happens, the Fed will likely begin buying mortgage-backed securities again and over a period of time drive rates back down.
25Feb2010 | edferrara | 1 comment | Continued
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- Mortgage Lender Implosions and Updates
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Further to my comment of 9 August 2016, unlike the old Bank Rate system with its high interest rates, Quantitative…