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Fed Extends Mortgage Purchases Through March

By
Real Estate Agent with The Adam and Eric Group 01499486

The Federal Reserve announced today that they will continue to purchase mortgage securities and 

feddebt of mortgage for Fannie Mae and Freddie Mac through March 2010.  The idea is to gradually slow the pace of these purchases in order to promote a smooth transition in markets. 

The U.S. central bank plans to purchase as much as $1.25 trillion of mortgage securities backed by Fannie and Freddie and as much as $200 billion of their debt for company operations.  The Fed reaffirmed its purchases of $300 billion in treasuries will finish by October 2009.  

 

 

Comments (1)

Ellen Crawford
Maximum One Executive REALTORS® - Alpharetta, GA
Alpharetta Real Estate Agents & Alpharetta REALTOR

This is a positive sign that rates may hold until the spring.  After that,l all bets are off.

Sep 23, 2009 03:51 PM