In The News
[News] Fed Begins Buying MBS, Pushing Down Mortgage Rates
January 7, 2009 by Mortgage Align · Leave a Comment
Yesterday the Fed bought their first round of mortgage securities guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. This kicks off the Federal Reserve’s plan to buy $500 billion in mortgage-backed securities by mid-2009, right on schedule. One of many historically unique programs to drive down the affordability of home buying and return much needed buyers to the market.
