Today news
About the same in other media
Mortgage Rates Are High Because Nobody Is Buying Mortgages
Reading now: 876
Bank of America Corp. gobbled up hundreds of billions of dollars of mortgage bonds during the height of the pandemic. But with rates rising, its buying spree has ended.
Banks have stepped back from buying mortgage bonds. So has the Federal Reserve, the largest investor in that market. Foreign buyers and money managers are curtailing purchases too, analysts say.
Read more on wsj.comAbout this in other media
U.S. Government to Backstop Mortgages Above $1 Million in High-Cost Areas wsj.com /2 years ago
Turkey Cuts Interest Rates to Single Digits Despite High Inflation wsj.com /2 years ago
Controlling shareholders' stakes in GBTC are 'highly illiquid': Report cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
