Mortgage Rates Could Slip Below 3% As Fed Continue Buying Low-Coupon Bonds
News

Mortgage Rates Could Slip Below 3% As Fed Continue Buying Low-Coupon Bonds

May 13, 2020
by
Navi Persaud

As the Federal Reserve continues to purchase low-coupon bonds to stimulate the U.S. economy, mortgage rates under 3% could be more of a reality. Lenders could potentially sell mortgage loans below 3% following the Federal Reserve Bank of New York's purchase of contracts for $240 million of mortgage bonds with a 2% coupon, according to a Bloomberg report via Yahoo Finance.

Click here to read more.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com
Mortgage Rates Could Slip Below 3% As Fed Continue Buying Low-Coupon Bonds
May 13, 2020 1:12 PM
by
Navi Persaud
News

As the Federal Reserve continues to purchase low-coupon bonds to stimulate the U.S. economy, mortgage rates under 3% could be more of a reality. Lenders could potentially sell mortgage loans below 3% following the Federal Reserve Bank of New York's purchase of contracts for $240 million of mortgage bonds with a 2% coupon, according to a Bloomberg report via Yahoo Finance.

Click here to read more.

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