What Fed Action Means For Mortgage-Backed ETFs
The Federal Reserve's plan to buy $40 billion a month in agency mortgage-back securities until job growth rises adds upward pressure to mortgage-backed securities. The question is how much? If the Fed has guaranteed demand for home loans through MBS, or financial products with exposure to cash flows from mortgage loans, should you be buying them too? The Fed hopes to push down mortgage rates and boost home prices to prompt people to buy homes and
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