3 ms·
1. Crushing the MBS market does nothing to existing homeowners. They still make their monthly payment at the same interest rate. 2. Crushing the mortgage marke
by hnburnsy 2y ago
1. Crushing the MBS market does nothing to existing homeowners. They still make their monthly payment at the same interest rate.
2. Crushing the mortgage market is not the same as crushing the housing market. 1/3 of sales are cash, and mortgage rates don't address the supply imbalance.