Fed’s Mortgage-Backed Securities Purchases Sought Calm, Accommodation During Pandemic

Abstract: We explore the Federal Reserve’s purchases of agency MBS—mortgage bonds guaranteed by Ginnie Mae, Fannie Mae and Freddie Mac—and related market dynamics during the pandemic, including why mortgage rates fell to historic lows.

Keywords: Banking; Finance; Real Estate; Monetary Policy; COVID-19;

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2021-08-26