3 ms·

> it is less to do with Fed policy How did you quantify "less"? Low Fed rate made mortgage body 60-70% cheaper, hence prices are higher.

• Panzer04 4y ago
  In a competitive market, prices are determined by the lowest seller, not the highest buyer.
  • riku_iki 4y ago
    prices are obviously determined by balance between supply and demand. Seller is obviously interest to rise his prices if there are many buyers competing for his bid.