by Bill Bodnar, on March 27, 2020 at 1:14 PM
Mortgage Market Guide's recap of what happened this week and why.
The Fed got it done this week! Last Sunday, they announced unlimited QE where they are buying as many mortgage-backed securities (MBS) as needed to stabilize the MBS market and get it functioning more correctly. That is what happened, at least this week, as MBS prices stabilized and in fact, rose with Treasury prices.
Next week we have Jobs data, but that will take a backseat to the uncertainty around the coronavirus and its economic impact.
Find out what this means for you, your partners, and your borrowers in this edition of the MMG Weekly Recap video.
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