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mortgage rates: What The Fed Is The Treasury Department Doing? - 01/19/09 09:32 AM
Since December 2008 the Federal Reserve and the Treasury Department have been purchasing Mortgage Backed Securities on the secondary market. This has served to push mortgage interest rates down to historically low levels.
 
Why have they been doing this? What I’m about to say is strictly my musing. This is based on sheer speculation. I have no proof. Just my opinion, if you will.
 
To put this in context we need to look back to the September-October 2008 timeframe. You remember, about the time we suffered a near financial collapse.
 
There is an accounting principle called “mark … (11 comments)

 

Jay Williams, Mortgage Loan Officer Getting You The Right Loan

Greenville, NC

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