Federal Reserve officials have agreed to sell some of their $1.1trn in mortgage backed securities (MBS) at some point, but at their meeting last month they were unable to reach a firm consensus on how soon or how aggressively to do that, according to several people familiar with the matter. Many Fed officials want to wait until after the central bank has started to tighten financial conditions by raising short term interest rates, which could be many months away, but a minority is eager to move sooner.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio