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12Jan2009
Author
Dan Green
Filed Under
Mortgage Rates

The Fed’s Agency MBS Program and How $4.1 Billion In Daily Bond Buys Impacts Mortgage Rates

Several weeks ago, the Federal Reserve pledged $500 billion to the mortgage-backed bond market and, after the announcement, mortgage rates fell. This happened because conforming mortgage rates are directly correlated to the demand for mortgage bonds. When demand rises, prices rise with them, thereby causing rates to fall.

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