To contain the economic fallout of the coronavirus, the Federal Reserve announced Sunday afternoon it cut its benchmark interest rate to near zero, and said it would buy hundreds of billions of dollars in assets. For the housing market, the Fed’s decision to purchase at least $200 billion of mortgage-backed securities will have the biggest impact, according to some experts. The decision to scoop up mortgage-backed securities, which it will purchase along with at least
source https://therealdeal.com/2020/03/17/heres-what-the-feds-actions-mean-for-the-housing-market/
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