- Iowa Bankers Association
- 8800 NW 62nd Avenue
- Johnston, IA 50131
- Toll-Free: 800-532-1423
- Local: 515-286-4300
- Fax: 515-280-4140
Mortgage Bulls Bid Fed Fond Farewell
From the Wall Street Journal (01/28/10):
While many fear that the end of the Federal Reserve's $1.25 trillion mortgage-buying spree will have dire ramifications for the U.S. housing market, a growing number of investors are confident that mortgage rates will not skyrocket when the central bank leaves the market in a couple of months. The optimism is grounded in the belief that the government will retain a major presence in the market, both via its mortgage-backed securities holdings and the generally held belief that it could step in again if the market stumbles. If this view is correct, the end of Fed purchases will have little to no effect on interest rates on mortgage-backed securities and will likely mean mortgage rates will stay fairly low.
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