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Old 08-21-2023, 10:39 AM
Stu from NYC Stu from NYC is offline
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Quote:
Originally Posted by ithos View Post
Interesting, The FED has piled into mortgage backed securities since COVID started. About 1.4 trillion. Now they are starting to unwind.

Assets: Securities Held Outright: Mortgage-Backed Securities: Maturing in over 10 Years: Wednesday Level (MBS10Y) | FRED | St. Louis Fed

I wonder what that means for the housing market if anything. They first started purchasing during the 2008 housing crisis. Higher rates?

Why the Federal Reserve is getting rid of its mortgage-backed securities - Marketplace
Cannot read article but they will lose a lot of money selling these securities