Mortgage-Backed Security

The GSEs Might Save Mortgage Rates After the Fed After All! 

The closely watched pot on my stove for the last six months, otherwise known as the Fed’s MBS purchase program, is coming to an imminent end. (If you start here, you should be able to follow my posts on the subject as far back as you like. ) If you are up-to-date on the issues surrounding the Fed’s departure (or insist, like an old school journalist, on getting the gist of the whole story in the lead), jump ahead to “Buyouts a Strong Technical.” Otherwise, here’s the brief: