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Also, didn't the fed buy $2T of mortgage backed securities during the pandemic? EDIT: Not quite https://fred.stlouisfed.org/series/WSHOMCB https://fred.stlouis
by schmidtleonard 2y ago
Also, didn't the fed buy $2T of mortgage backed securities during the pandemic?
EDIT: Not quite https://fred.stlouisfed.org/series/WSHOMCB https://fred.stlouisfed.org/series/WSHOMCB
- GenerWork 2y agoI believe they bought residential MBSs, which is one of the reasons why mortgage interest rates went so low. They may have bought commercial MBSs, but if they did I don't remember reading about it.
- metaphor 2y ago> They may have bought commercial MBSs, but if they did I don't remember reading about it. Readily accessible, public data that the Fed updates weekly[1] clearly shows $9.943 billion at peak and currently sitting on $8.142 billion. [1] https://fred.stlouisfed.org/graph/?g=1qE9d https://fred.stlouisfed.org/graph/?g=1qE9d