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News Link • Housing

Why The Fed's Plan To Save The Housing Market Isn't Working That Well

•, Mamta Badkar

But there's been some concern that this hasn't passed through to the real economy.

In a note titled "Mortgage Originators Not Playing Nice", TD Securities economist Gennadiy Goldberg writes that average decline in mortgage rates (the interest on a mortgage) since the QE3 decision have lagged the decline in mortgage-backed securities (MBS) rates by an average of 50 percent. Remember, MBS rates refer to the rates at which a pool of mortgages are sold to investors in the bond market.

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