Thanks for pointing out the misleading headline. I double-checked your dollar value for total US mortgage debt and it’s in line with what the Fed reports. [1]

Thanks for pointing out the misleading headline. I double-checked your dollar value for total US mortgage debt and it’s in line with what the Fed reports. [1] The article correctly shows that the Fed is still buying more government debt than mortgage backed securities. As of June 2020 the Fed owned over ⅕ of all US government debt and over ⅓ of longer-dated US government bonds. [2] [1]: https://www.federalreserve.gov/data/mortoutstand/current.htm https://www.federalreserve.gov/data/mortoutstand/current.htm [2]: https://www.economist.com/finance-and-economics/2020/06/18/the-fed-has-been-supporting-markets-now-it-must-find-ways-to-boost-growth https://www.economist.com/finance-and-economics/2020/06/18/t...